USCF Midstream Energy Income Fund (NYSEARCA:UMI) Trading Up 0.7% – Should You Buy?

USCF Midstream Energy Income Fund (NYSEARCA:UMI)’s stock price traded up 0.7% during trading on Friday . The stock traded as high as $50.27 and last traded at $50.17. 19,395 shares changed hands 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 Price Performance

The firm has a market cap of $318.55 million, a PE ratio of 18.02 and a beta of 0.51. The business has a fifty day moving average price of $45.95 and a two-hundred day moving average price of $43.31.

USCF Midstream Energy Income Fund Increases Dividend

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

Institutional Trading of USCF Midstream Energy Income Fund

A hedge fund recently raised its stake in USCF Midstream Energy Income Fund stock. Avior Wealth Management LLC raised its holdings in USCF Midstream Energy Income Fund (NYSEARCA:UMI) by 45.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,646 shares of the company’s stock after acquiring an additional 517 shares during the quarter. Avior Wealth Management LLC’s holdings in USCF Midstream Energy Income Fund were worth $74,000 at the end of the most recent quarter.

USCF Midstream Energy Income Fund Company Profile

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.