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

USCF Dividend Income Fund (NYSEARCA:UDI – Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 452 shares, an increase of 264.5% from the April 30th total of 124 shares. Based on an average trading volume of 1,385 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

USCF Dividend Income Fund Trading Down 0.7%

UDI traded down $0.25 during midday trading on Friday, reaching $34.70. The company’s stock had a trading volume of 203 shares, compared to its average volume of 3,626. USCF Dividend Income Fund has a 1 year low of $29.08 and a 1 year high of $35.20. The stock’s 50-day moving average is $34.25 and its 200-day moving average is $33.37. The firm has a market capitalization of $7.63 million, a price-to-earnings ratio of 14.93 and a beta of 0.69.

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USCF Dividend Income Fund Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UDI. Kestra Advisory Services LLC purchased a new position in USCF Dividend Income Fund during the fourth quarter valued at $44,000. Envestnet Portfolio Solutions Inc. grew its stake in shares of USCF Dividend Income Fund by 19.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 58,384 shares of the company’s stock worth $1,883,000 after acquiring an additional 9,521 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC bought a new position in shares of USCF Dividend Income Fund during the fourth quarter valued at $231,000.

About USCF Dividend Income Fund

(Get Free Report)

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.

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