USCF Midstream Energy Income Fund (NYSEARCA:UMI) Stock Short Interest Drops 78.0%

USCF Midstream Energy Income Fund (NYSEARCA:UMI) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 3,802 shares, a drop of 78.0% from the October 15th total of 17,251 shares. Based on an average daily trading volume, of 23,340 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

USCF Midstream Energy Income Fund Price Performance

USCF Midstream Energy Income Fund stock traded up $0.30 during midday trading on Friday, reaching $58.92. 22,077 shares of the company traded hands, compared to its average volume of 30,849. The firm has a market capitalization of $533.23 million, a price-to-earnings ratio of 17.32 and a beta of 0.60. The business has a 50 day moving average of $59.17 and a two-hundred day moving average of $58.73. USCF Midstream Energy Income Fund has a 12 month low of $48.05 and a 12 month high of $64.77.

USCF Midstream Energy Income Fund Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Monday, October 26th were paid a $0.0520 dividend. This is an increase from USCF Midstream Energy Income Fund’s previous monthly dividend of $0.0427. The ex-dividend date was Monday, October 26th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.1%.

Institutional Trading of USCF Midstream Energy Income Fund

An institutional investor recently bought a new stake in USCF Midstream Energy Income Fund stock. Whittier Trust Co. acquired a new stake in shares of USCF Midstream Energy Income Fund (NYSEARCA:UMI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,631 shares of the company’s stock, valued at approximately $2,435,000. Whittier Trust Co. owned about 0.46% of USCF Midstream Energy Income Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

USCF Midstream Energy Income Fund Company Profile

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.