USCF Midstream Energy Income Fund (NYSEARCA:UMI) Trading Down 2.5% – What’s Next?

Shares of USCF Midstream Energy Income Fund (NYSEARCA:UMI) dropped 2.5% on Monday . The company traded as low as $51.80 and last traded at $52.02. Approximately 17,299 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 16,938 shares. The stock had previously closed at $53.34.

USCF Midstream Energy Income Fund Stock Down 2.5 %

The company has a 50 day simple moving average of $48.29 and a 200-day simple moving average of $44.61. The stock has a market capitalization of $330.35 million, a price-to-earnings ratio of 18.02 and a beta of 0.51.

USCF Midstream Energy Income Fund Increases Dividend

The business also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.0548 per share. The ex-dividend date of this dividend was Thursday, September 26th. This is an increase from USCF Midstream Energy Income Fund’s previous dividend of $0.05.

Institutional Investors Weigh In On USCF Midstream Energy Income Fund

An institutional investor recently raised its position in USCF Midstream Energy Income Fund stock. Avior Wealth Management LLC increased its position in USCF Midstream Energy Income Fund (NYSEARCA:UMI) by 45.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,646 shares of the company’s stock after buying an additional 517 shares during the period. Avior Wealth Management LLC’s holdings in USCF Midstream Energy Income Fund were worth $74,000 at the end of the most recent reporting period.

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.