USCF Midstream Energy Income Fund (NYSEARCA:UMI) Sees Significant Growth in Short Interest

USCF Midstream Energy Income Fund (NYSEARCA:UMIGet Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 43,585 shares, an increase of 844.4% from the April 30th total of 4,615 shares. Based on an average daily volume of 19,829 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in USCF Midstream Energy Income Fund stock. Mosaic Family Wealth Partners LLC bought a new position in shares of USCF Midstream Energy Income Fund (NYSEARCA:UMIFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,717 shares of the company’s stock, valued at approximately $1,038,000. Mosaic Family Wealth Partners LLC owned approximately 0.22% of USCF Midstream Energy Income Fund as of its most recent SEC filing.

USCF Midstream Energy Income Fund Stock Performance

NYSEARCA:UMI opened at $59.17 on Thursday. The firm’s fifty day moving average is $58.58 and its 200-day moving average is $54.38. USCF Midstream Energy Income Fund has a 52 week low of $47.74 and a 52 week high of $62.54. The firm has a market cap of $477.50 million, a P/E ratio of 18.78 and a beta of 0.58.

USCF Midstream Energy Income Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 22nd were paid a dividend of $0.4761 per share. This is a boost from USCF Midstream Energy Income Fund’s previous monthly dividend of $0.18. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend was Friday, May 22nd.

About USCF Midstream Energy Income Fund

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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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