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

USCF Dividend Income Fund (NYSEARCA:UDIGet Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 136 shares, an increase of 61.9% from the June 30th total of 84 shares. Based on an average daily volume of 313 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

USCF Dividend Income Fund Stock Up 0.1%

Shares of NYSEARCA:UDI opened at $36.91 on Friday. USCF Dividend Income Fund has a 12 month low of $29.59 and a 12 month high of $37.51. The company’s 50-day moving average price is $35.84 and its two-hundred day moving average price is $34.65. The firm has a market cap of $3.32 million, a P/E ratio of 14.93 and a beta of 0.67.

USCF Dividend Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Monday, July 27th were given a $0.133 dividend. This represents a c) dividend on an annualized basis and a yield of 4.3%. 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.

Institutional Trading of USCF Dividend Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new position in USCF Dividend Income Fund in the fourth quarter valued at about $44,000. Walkner Condon Financial Advisors LLC acquired a new position in shares of USCF Dividend Income Fund in the fourth quarter valued at approximately $231,000. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in 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 purchasing an additional 9,521 shares during the period.

About USCF Dividend Income Fund

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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.

Further Reading

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