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

USCF Dividend Income Fund (NYSEARCA:UDI) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 31 shares, a drop of 77.2% from the July 15th total of 136 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 2,508 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors 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 position in shares of USCF Dividend Income Fund (NYSEARCA:UDI) in the fourth quarter, according to the company in its most recent filing with the 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 at the end of the most recent quarter.

USCF Dividend Income Fund Price Performance

UDI traded up $0.10 during trading on Friday, reaching $37.44. The company had a trading volume of 127 shares, compared to its average volume of 2,774. USCF Dividend Income Fund has a 12 month low of $30.26 and a 12 month high of $37.51. The business’s fifty day moving average price is $36.27 and its 200 day moving average price is $34.95. The company has a market cap of $3.37 million, a P/E ratio of 14.93 and a beta of 0.66.

USCF Dividend Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 29th. Investors of record on Monday, July 27th were issued a dividend of $0.133 per share. The ex-dividend date was Monday, July 27th. This is a positive change from USCF Dividend Income Fund’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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.