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

USCF Dividend Income Fund (NYSEARCA:UDI – Get Free Report) was the recipient of a significant decline in short interest in 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 trading volume of 1,696 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in shares of USCF Dividend Income Fund during the 4th quarter valued at $44,000. Walkner Condon Financial Advisors LLC acquired a new position in shares of USCF Dividend Income Fund in the 4th quarter worth $231,000. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of USCF Dividend Income Fund by 19.5% during the fourth 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.

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USCF Dividend Income Fund Trading Up 0.3%

Shares of NYSEARCA UDI opened at $35.67 on Friday. USCF Dividend Income Fund has a twelve month low of $29.59 and a twelve month high of $35.97. The firm has a 50-day moving average of $34.84 and a two-hundred day moving average of $33.92. The company 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 Increases Dividend

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

About USCF Dividend Income Fund

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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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