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

Shares of USCF Midstream Energy Income Fund (NYSEARCA:UMI) dropped 2.5% during trading 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 Price Performance

The firm has a market cap of $330.35 million, a P/E ratio of 18.02 and a beta of 0.51. The company’s 50-day moving average is $48.29 and its two-hundred day moving average is $44.61.

USCF Midstream Energy Income Fund Increases Dividend

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in USCF Midstream Energy Income Fund stock. Fisher Asset Management LLC bought a new stake in USCF Midstream Energy Income Fund (NYSEARCA:UMI) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,871 shares of the company’s stock, valued at approximately $218,000. Fisher Asset Management LLC owned approximately 0.08% of USCF Midstream Energy Income Fund as of its most recent filing with the SEC.

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.