Short Interest in USCF Midstream Energy Income Fund (NYSEARCA:UMI) Decreases By 51.3%

USCF Midstream Energy Income Fund (NYSEARCA:UMIGet Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 7,926 shares, a decline of 51.3% from the August 15th total of 16,268 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 22,457 shares, the short-interest ratio is currently 0.4 days.

USCF Midstream Energy Income Fund Trading Down 0.8%

Shares of USCF Midstream Energy Income Fund stock traded down $0.46 during trading hours on Tuesday, reaching $59.84. 5,309 shares of the company’s stock were exchanged, compared to its average volume of 31,052. USCF Midstream Energy Income Fund has a 52-week low of $47.74 and a 52-week high of $64.77. The firm has a market capitalization of $501.42 million, a price-to-earnings ratio of 18.78 and a beta of 0.57. The company has a fifty day moving average of $60.91 and a 200-day moving average of $59.33.

USCF Midstream Energy Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 25th were given a dividend of $0.4573 per share. The ex-dividend date was Tuesday, August 25th. This represents a c) annualized dividend and a yield of 9.2%.

Institutional Trading of USCF Midstream Energy Income Fund

A hedge fund recently bought a new position in USCF Midstream Energy Income Fund stock. Mosaic Family Wealth Partners LLC bought a new position in USCF Midstream Energy Income Fund (NYSEARCA:UMIFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,717 shares of the company’s stock, valued at approximately $1,038,000. Mosaic Family Wealth Partners LLC owned about 0.22% of USCF Midstream Energy Income Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

About USCF Midstream Energy Income Fund

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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.

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