Short Interest in USCF Midstream Energy Income Fund (NYSEARCA:UMI) Decreases By 36.7%

USCF Midstream Energy Income Fund (NYSEARCA:UMIGet Free Report) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 10,240 shares, a decrease of 36.7% from the July 15th total of 16,166 shares. Based on an average daily volume of 18,772 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

USCF Midstream Energy Income Fund Stock Down 1.2%

Shares of USCF Midstream Energy Income Fund stock opened at $61.52 on Thursday. USCF Midstream Energy Income Fund has a twelve month low of $47.74 and a twelve month high of $64.59. The business has a 50-day moving average price of $60.00 and a 200-day moving average price of $58.53. The firm has a market cap of $515.54 million, a price-to-earnings ratio of 18.78 and a beta of 0.56.

USCF Midstream Energy Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Wednesday, June 24th were issued a dividend of $0.0661 per share. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, June 24th.

Institutional Trading of USCF Midstream Energy Income Fund

An institutional investor recently bought a new position in USCF Midstream Energy Income Fund stock. Flow Traders U.S. LLC bought a new stake in shares of USCF Midstream Energy Income Fund (NYSEARCA:UMIFree Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,734 shares of the company’s stock, valued at approximately $243,000. Flow Traders U.S. LLC owned about 0.06% of USCF Midstream Energy Income Fund as of its most recent filing with the Securities and Exchange Commission.

About USCF Midstream Energy Income Fund

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The USCF Midstream Energy Income Fund (UMI) is an exchange-traded fund that mostly invests in energy equity. The fund holds an actively-managed portfolio of midstream energy infrastructure companies. The fund is income-focused and uses a fundamental approach that integrates ESG research. UMI was launched on Mar 24, 2021 and is managed by USCF Advisers.

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