USCF Midstream Energy Income Fund (NYSEARCA:UMI) Stock Short Interest Report for September

USCF Midstream Energy Income Fund (NYSEARCA:UMI – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 25,473 shares, a growth of 124.0% from the September 15th total of 11,374 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 46,839 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On USCF Midstream Energy Income Fund

An institutional investor recently bought a new position in USCF Midstream Energy Income Fund stock. Mosaic Family Wealth Partners LLC acquired a new position in USCF Midstream Energy Income Fund (NYSEARCA:UMI – Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,717 shares of the company’s stock, valued at approximately $1,038,000. Mosaic Family Wealth Partners LLC owned 0.22% of USCF Midstream Energy Income Fund at the end of the most recent reporting period.

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USCF Midstream Energy Income Fund Stock Down 0.9%

Shares of UMI traded down $0.56 during midday trading on Wednesday, hitting $58.88. The company’s stock had a trading volume of 15,945 shares, compared to its average volume of 31,683. USCF Midstream Energy Income Fund has a one year low of $47.74 and a one year high of $64.77. The stock has a market capitalization of $522.81 million, a price-to-earnings ratio of 18.78 and a beta of 0.61. The company’s fifty day simple moving average is $59.98 and its two-hundred day simple moving average is $59.43.

USCF Midstream Energy Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, September 28th. Investors of record on Thursday, September 24th were issued a dividend of $0.0427 per share. This is a negative change from USCF Midstream Energy Income Fund’s previous monthly dividend of $0.4573. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.51 annualized dividend and a dividend yield of 0.9%.

USCF Midstream Energy Income Fund Company Profile

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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.

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