USCF Midstream Energy Income Fund (NYSEARCA:UMI) Sees Large Decrease in Short Interest

USCF Midstream Energy Income Fund (NYSEARCA:UMI) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 10,240 shares, a decline of 36.7% from the July 15th total of 16,166 shares. Based on an average daily volume of 18,772 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in USCF Midstream Energy Income Fund stock. Flow Traders U.S. LLC bought a new position in USCF Midstream Energy Income Fund (NYSEARCA:UMI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,734 shares of the company’s stock, valued at approximately $243,000. Flow Traders U.S. LLC owned about 0.06% of USCF Midstream Energy Income Fund as of its most recent SEC filing.

USCF Midstream Energy Income Fund Stock Performance

UMI stock traded up $1.14 during mid-day trading on Tuesday, hitting $62.27. The company had a trading volume of 8,811 shares, compared to its average volume of 31,932. The firm has a market cap of $521.82 million, a PE ratio of 18.78 and a beta of 0.56. USCF Midstream Energy Income Fund has a 12 month low of $47.74 and a 12 month high of $62.99. The stock’s fifty day moving average price is $59.88 and its two-hundred day moving average price is $58.40.

USCF Midstream Energy Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Wednesday, June 24th were issued a dividend of $0.0661 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a c) dividend on an annualized basis and a yield of 1.3%.

About USCF Midstream Energy Income Fund

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.