USCF Midstream Energy Income Fund (NYSEARCA:UMI) Raises Dividend to $0.48 Per Share

USCF Midstream Energy Income Fund (NYSEARCA:UMI) announced a monthly dividend on Thursday, May 21st. Investors of record on Friday, May 22nd will be given a dividend of 0.4761 per share on Wednesday, May 27th. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Friday, May 22nd. This is a 169.7% increase from USCF Midstream Energy Income Fund’s previous monthly dividend of $0.18.

USCF Midstream Energy Income Fund Price Performance

NYSEARCA:UMI traded up $0.01 during mid-day trading on Friday, reaching $61.64. 33,750 shares of the company’s stock traded hands, compared to its average volume of 40,551. USCF Midstream Energy Income Fund has a 12-month low of $47.74 and a 12-month high of $62.54. The firm has a market capitalization of $497.39 million, a price-to-earnings ratio of 18.78 and a beta of 0.58. The company has a 50 day moving average price of $58.34 and a 200-day moving average price of $54.03.

Hedge Funds Weigh In On 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 purchased a new position in USCF Midstream Energy Income Fund (NYSEARCA:UMI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,734 shares of the company’s stock, valued at approximately $243,000. Flow Traders U.S. LLC owned approximately 0.06% of USCF Midstream Energy Income Fund at the end of the most recent reporting period.

About USCF Midstream Energy Income Fund

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.