USCF Dividend Income Fund (NYSEARCA:UDI) Short Interest Update

USCF Dividend Income Fund (NYSEARCA:UDI) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 452 shares, an increase of 264.5% from the April 30th total of 124 shares. Based on an average trading volume of 1,385 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On USCF Dividend Income Fund

Large investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new position in shares of USCF Dividend Income Fund in the fourth quarter valued at about $44,000. Envestnet Portfolio Solutions Inc. grew its stake in shares of USCF Dividend Income Fund by 19.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 58,384 shares of the company’s stock worth $1,883,000 after purchasing an additional 9,521 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC bought a new stake in shares of USCF Dividend Income Fund in the fourth quarter worth about $231,000.

USCF Dividend Income Fund Trading Down 0.7%

UDI stock traded down $0.25 during midday trading on Friday, hitting $34.70. The company had a trading volume of 203 shares, compared to its average volume of 3,626. The stock has a market cap of $7.63 million, a price-to-earnings ratio of 14.93 and a beta of 0.69. USCF Dividend Income Fund has a 52 week low of $29.08 and a 52 week high of $35.20. The stock’s 50 day moving average price is $34.25 and its 200 day moving average price is $33.37.

USCF Dividend Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 22nd were issued a dividend of $0.0502 per share. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, May 22nd.

About USCF Dividend Income Fund

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.