USCF Dividend Income Fund (NYSEARCA:UDI) Sees Significant Decline in Short Interest

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

Institutional Investors Weigh In On USCF Dividend Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. lifted its position in USCF Dividend Income Fund by 19.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 58,384 shares of the company’s stock valued at $1,883,000 after acquiring an additional 9,521 shares during the period. Walkner Condon Financial Advisors LLC purchased a new position in USCF Dividend Income Fund during the 4th quarter valued at about $231,000. Finally, Kestra Advisory Services LLC purchased a new position in USCF Dividend Income Fund during the 4th quarter valued at about $44,000.

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USCF Dividend Income Fund Stock Down 0.9%

Shares of NYSEARCA:UDI traded down $0.31 on Monday, hitting $35.66. The company had a trading volume of 1,074 shares, compared to its average volume of 3,438. The firm’s 50-day simple moving average is $34.65 and its two-hundred day simple moving average is $33.70. USCF Dividend Income Fund has a 1 year low of $29.17 and a 1 year high of $35.97. The firm 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 Cuts Dividend

The business also recently announced 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) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, May 22nd.

USCF Dividend Income Fund Company Profile

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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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