Short Interest in USCF Dividend Income Fund (NYSEARCA:UDI) Grows By 264.5%

by · The Cerbat Gem

USCF Dividend Income Fund (NYSEARCA:UDI – Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 452 shares, a growth of 264.5% from the April 30th total of 124 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 1,385 shares, the short-interest ratio is presently 0.3 days.

USCF Dividend Income Fund Trading Down 0.9%

UDI stock traded down $0.33 during mid-day trading on Friday, hitting $34.62. 823 shares of the company were exchanged, compared to its average volume of 3,632. The business has a 50 day simple moving average of $34.27 and a 200-day simple moving average of $33.38. The stock has a market capitalization of $7.62 million, a PE ratio of 14.93 and a beta of 0.69. USCF Dividend Income Fund has a 1-year low of $29.08 and a 1-year high of $35.20.

USCF Dividend Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.0502 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a c) annualized dividend and a dividend yield of 1.7%.

Hedge Funds Weigh In On USCF Dividend Income Fund

Institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new position in shares of USCF Dividend Income Fund during the fourth quarter valued at about $44,000. Walkner Condon Financial Advisors LLC bought a new stake in shares of USCF Dividend Income Fund during the fourth quarter worth about $231,000. Finally, Envestnet Portfolio Solutions Inc. grew its position 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 purchasing an additional 9,521 shares in the last quarter.

USCF Dividend Income Fund Company Profile

(Get Free Report)

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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