USCF Midstream Energy Income Fund (NYSEARCA:UMI) Stock Price Down 1.2%

USCF Midstream Energy Income Fund (NYSEARCA:UMI)’s stock price dropped 1.2% during trading on Monday . The stock traded as low as $39.12 and last traded at $39.22. Approximately 13,574 shares were traded during trading, a decline of 17% from the average daily volume of 16,437 shares. The stock had previously closed at $39.69.

USCF Midstream Energy Income Fund Stock Performance

The stock has a 50 day moving average of $38.68 and a 200-day moving average of $36.99. The company has a market cap of $237.27 million, a PE ratio of 16.47 and a beta of 0.72.

Institutional Investors Weigh In On USCF Midstream Energy Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mango Five Family Inc. purchased a new stake in shares of USCF Midstream Energy Income Fund during the 4th quarter worth about $1,236,000. Avior Wealth Management LLC lifted its holdings in USCF Midstream Energy Income Fund by 1,348.0% during the third quarter. Avior Wealth Management LLC now owns 1,086 shares of the company’s stock valued at $38,000 after purchasing an additional 1,011 shares in the last quarter. Fairfield Bush & CO. purchased a new position in USCF Midstream Energy Income Fund in the 2nd quarter valued at about $29,000. Finally, Flow Traders U.S. LLC acquired a new stake in USCF Midstream Energy Income Fund in the 1st quarter worth about $1,434,000.

About USCF Midstream Energy Income Fund

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.