USCF Dividend Income Fund (NYSEARCA:UDI) Sees Significant Drop in Short Interest

USCF Dividend Income Fund (NYSEARCA:UDI) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 54 shares, a decrease of 76.9% from the May 31st total of 234 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,696 shares, the short-interest ratio is presently 0.0 days.

USCF Dividend Income Fund Stock Performance

USCF Dividend Income Fund stock opened at $35.67 on Friday. The company has a market capitalization of $7.85 million, a price-to-earnings ratio of 14.93 and a beta of 0.68. The stock has a fifty day moving average of $34.84 and a two-hundred day moving average of $33.92. USCF Dividend Income Fund has a fifty-two week low of $29.59 and a fifty-two week high of $35.97.

USCF Dividend Income Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Wednesday, June 24th were paid a dividend of $0.0734 per share. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, June 24th. This is a positive change from USCF Dividend Income Fund’s previous monthly dividend of $0.05.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new stake in USCF Dividend Income Fund in the fourth quarter worth approximately $44,000. Walkner Condon Financial Advisors LLC acquired a new position in shares of USCF Dividend Income Fund during the 4th quarter valued at $231,000. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of USCF Dividend Income Fund by 19.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 58,384 shares of the company’s stock worth $1,883,000 after buying an additional 9,521 shares in the last quarter.

USCF Dividend Income Fund Company Profile

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.