Short Interest in USCF Dividend Income Fund (NYSEARCA:UDI) Decreases By 71.0%

USCF Dividend Income Fund (NYSEARCA:UDIGet Free Report) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 9 shares, a decline of 71.0% from the July 30th total of 31 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 0.0 days.

USCF Dividend Income Fund Price Performance

Shares of UDI stock traded down $0.34 on Thursday, hitting $37.19. The stock had a trading volume of 19 shares, compared to its average volume of 2,659. The business has a 50 day moving average of $36.59 and a 200 day moving average of $35.20. The stock has a market cap of $3.35 million, a price-to-earnings ratio of 14.93 and a beta of 0.66. USCF Dividend Income Fund has a 12-month low of $30.26 and a 12-month high of $37.74.

USCF Dividend Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Tuesday, August 25th will be given a $0.0474 dividend. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, August 25th.

Hedge Funds Weigh In On USCF Dividend Income Fund

An institutional investor recently bought a new stake in USCF Dividend Income Fund stock. Kestra Advisory Services LLC bought a new stake in USCF Dividend Income Fund (NYSEARCA:UDIFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,373 shares of the company’s stock, valued at approximately $44,000. Kestra Advisory Services LLC owned approximately 0.60% of USCF Dividend Income Fund as of its most recent SEC filing.

About USCF Dividend Income Fund

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The USCF ESG Dividend Income Fund (UDI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in US exchange-traded, dividend-paying companies that meet the funds financial and ESG criteria. UDI was launched on Jun 8, 2022 and is managed by USCF Advisers.

Further Reading

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