USCF Dividend Income Fund (NYSEARCA:UDI) Sees Large Decrease in Short Interest

USCF Dividend Income Fund (NYSEARCA:UDI) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 234 shares, a drop of 48.2% from the May 14th total of 452 shares. Based on an average trading volume of 535 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On USCF Dividend Income Fund

Hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in shares of USCF Dividend Income Fund in the fourth quarter worth approximately $44,000. Walkner Condon Financial Advisors LLC acquired a new stake in shares of USCF Dividend Income Fund in the fourth quarter worth approximately $231,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position 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 valued at $1,883,000 after buying an additional 9,521 shares in the last quarter.

USCF Dividend Income Fund Stock Up 1.1%

Shares of UDI traded up $0.38 during mid-day trading on Friday, hitting $35.97. The company had a trading volume of 1,515 shares, compared to its average volume of 3,459. The business’s 50-day simple moving average is $34.61 and its 200-day simple moving average is $33.66. USCF Dividend Income Fund has a 1-year low of $29.17 and a 1-year high of $35.97. The stock has a market cap of $7.91 million, a PE ratio of 14.93 and a beta of 0.68.

USCF Dividend Income Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 22nd were given a $0.0502 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a c) annualized dividend and a dividend 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.