USCF Midstream Energy Income Fund (NYSEARCA:UMI) Trading 0.7% Higher – What’s Next?

Posted by Adam Masters on Nov 10th, 2024

Shares of USCF Midstream Energy Income Fund (NYSEARCA:UMI – Get Free Report) shot up 0.7% during trading on Friday . The company traded as high as $50.27 and last traded at $50.17. 19,395 shares were traded during mid-day trading, an increase of 22% from the average session volume of 15,855 shares. The stock had previously closed at $49.84.

USCF Midstream Energy Income Fund Stock Up 0.7 %

The firm has a 50 day moving average price of $46.06 and a two-hundred day moving average price of $43.40. The company has a market capitalization of $318.55 million, a price-to-earnings ratio of 18.02 and a beta of 0.51.

USCF Midstream Energy Income Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.0548 dividend. This is a positive change from USCF Midstream Energy Income Fund’s previous dividend of $0.05. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in USCF Midstream Energy Income Fund stock. Avior Wealth Management LLC increased its stake in USCF Midstream Energy Income Fund (NYSEARCA:UMI – Free Report) by 45.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,646 shares of the company’s stock after acquiring 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.

USCF Midstream Energy Income Fund Company Profile

(Get Free Report)

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.