USCF Dividend Income Fund (NYSEARCA:UDI) Short Interest Update

USCF Dividend Income Fund (NYSEARCA:UDI) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 124 shares, a decrease of 89.3% from the April 15th total of 1,155 shares. Based on an average daily volume of 6,143 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the company’s stock are short sold.

USCF Dividend Income Fund Trading Up 0.8%

NYSEARCA:UDI traded up $0.28 on Tuesday, reaching $34.30. The stock had a trading volume of 138 shares, compared to its average volume of 4,017. The company has a 50-day moving average of $34.10 and a 200 day moving average of $33.00. The stock has a market cap of $7.55 million, a P/E ratio of 14.93 and a beta of 0.69. USCF Dividend Income Fund has a 12-month low of $28.72 and a 12-month high of $34.94.

USCF Dividend Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 27th. Shareholders of record on Wednesday, March 25th were given a $0.1214 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, March 25th. This is an increase from USCF Dividend Income Fund’s previous monthly dividend of $0.02.

Hedge Funds Weigh In On USCF Dividend Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UDI. Envestnet Portfolio Solutions Inc. boosted its position 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 valued at $1,883,000 after buying an additional 9,521 shares during the last quarter. Walkner Condon Financial Advisors LLC purchased a new position in USCF Dividend Income Fund in the 4th quarter valued at about $231,000. Finally, Kestra Advisory Services LLC purchased a new position in USCF Dividend Income Fund in the 4th quarter valued at about $44,000.

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.