USCF Midstream Energy Income Fund (NYSEARCA:UMI) Stock Short Interest Jumps 124.0%

USCF Midstream Energy Income Fund (NYSEARCA:UMI) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 25,473 shares, an increase of 124.0% from the September 15th total of 11,374 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 46,839 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

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

USCF Midstream Energy Income Fund Price Performance

Shares of UMI stock opened at $58.99 on Tuesday. USCF Midstream Energy Income Fund has a 12-month low of $47.74 and a 12-month high of $64.77. The firm has a market capitalization of $523.24 million, a price-to-earnings ratio of 18.78 and a beta of 0.61. The business has a 50 day simple moving average of $59.99 and a 200 day simple moving average of $59.43.

USCF Midstream Energy Income Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, September 28th. Shareholders of record on Thursday, September 24th were given a dividend of $0.0427 per share. This is a drop from USCF Midstream Energy Income Fund’s previous monthly dividend of $0.4573. The ex-dividend date was Thursday, September 24th. This represents a $0.51 dividend on an annualized basis and a yield of 0.9%.

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.