USCF Dividend Income Fund (NYSEARCA:UDI) Short Interest Down 48.2% in May

USCF Dividend Income Fund (NYSEARCA:UDI) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 234 shares, a decrease of 48.2% from the May 14th total of 452 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 535 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On USCF Dividend Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new position in USCF Dividend Income Fund in the 4th quarter worth approximately $44,000. Walkner Condon Financial Advisors LLC purchased a new position in USCF Dividend Income Fund in the 4th quarter worth approximately $231,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in USCF Dividend Income Fund by 19.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 58,384 shares of the company’s stock worth $1,883,000 after acquiring an additional 9,521 shares during the period.

USCF Dividend Income Fund Stock Down 0.9%

NYSEARCA UDI opened at $35.66 on Tuesday. The stock has a market cap of $7.85 million, a PE ratio of 14.93 and a beta of 0.68. USCF Dividend Income Fund has a fifty-two week low of $29.17 and a fifty-two week high of $35.97. The business has a 50 day moving average price of $34.65 and a two-hundred day moving average price of $33.70.

USCF Dividend Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Friday, May 22nd were issued a $0.0502 dividend. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, May 22nd.

USCF Dividend Income Fund Company Profile

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.