USCF Midstream Energy Income Fund (NYSEARCA:UMI) Short Interest Up 194.7% in May

USCF Midstream Energy Income Fund (NYSEARCA:UMIGet Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 5,600 shares, an increase of 194.7% from the May 15th total of 1,900 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 18,800 shares, the days-to-cover ratio is presently 0.3 days.

USCF Midstream Energy Income Fund Stock Up 0.3%

UMI stock opened at $50.86 on Friday. USCF Midstream Energy Income Fund has a 12 month low of $40.32 and a 12 month high of $55.05. The firm has a 50 day moving average of $49.38 and a two-hundred day moving average of $50.56. The company has a market capitalization of $377.38 million, a price-to-earnings ratio of 18.47 and a beta of 0.72.

USCF Midstream Energy Income Fund Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were given a dividend of $0.0516 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

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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