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

USCF Dividend Income Fund (NYSEARCA:UDI) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 54 shares, a decline of 76.9% from the May 31st total of 234 shares. Based on an average daily volume of 1,696 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On USCF Dividend Income Fund

Large investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. lifted its position in shares of 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. Walkner Condon Financial Advisors LLC purchased a new position in USCF Dividend Income Fund during the fourth quarter valued at approximately $231,000. Finally, Kestra Advisory Services LLC purchased a new position in USCF Dividend Income Fund during the fourth quarter valued at approximately $44,000.

USCF Dividend Income Fund Stock Performance

NYSEARCA UDI traded up $0.10 during trading on Friday, hitting $35.67. The stock had a trading volume of 397 shares, compared to its average volume of 3,243. The stock has a market capitalization of $7.85 million, a price-to-earnings ratio of 14.93 and a beta of 0.68. USCF Dividend Income Fund has a one year low of $29.59 and a one year high of $35.97. The stock has a 50 day simple moving average of $34.84 and a 200 day simple moving average of $33.92.

USCF Dividend Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 26th. Investors of record on Wednesday, June 24th were paid a dividend of $0.0734 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from USCF Dividend Income Fund’s previous monthly dividend of $0.05.

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.