Short Interest in USCF Dividend Income Fund (NYSEARCA:UDI) Expands By 264.5%

USCF Dividend Income Fund (NYSEARCA:UDI) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 452 shares, a growth of 264.5% from the April 30th total of 124 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 1,385 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of USCF Dividend Income Fund

Hedge funds have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its holdings in USCF Dividend Income Fund by 19.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 58,384 shares of the company’s stock worth $1,883,000 after buying an additional 9,521 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in USCF Dividend Income Fund during the fourth quarter worth $44,000. Finally, Walkner Condon Financial Advisors LLC purchased a new stake in USCF Dividend Income Fund during the fourth quarter worth $231,000.

USCF Dividend Income Fund Stock Performance

NYSEARCA UDI traded down $0.33 during mid-day trading on Friday, reaching $34.62. 823 shares of the stock were exchanged, compared to its average volume of 3,632. The business’s 50 day moving average is $34.27 and its 200-day moving average is $33.38. USCF Dividend Income Fund has a 1 year low of $29.08 and a 1 year high of $35.20. The company has a market capitalization of $7.62 million, a P/E ratio of 14.93 and a beta of 0.69.

USCF Dividend Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 22nd were issued a dividend of $0.0502 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a c) dividend on an annualized basis and a yield of 1.7%.

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.