USCF Midstream Energy Income Fund (NYSEARCA:UMI) Trading 0% Higher – Time to Buy?

USCF Midstream Energy Income Fund (NYSEARCA:UMI)’s share price was up 0% during trading on Thursday . The stock traded as high as $47.45 and last traded at $47.08. Approximately 22,950 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 15,989 shares. The stock had previously closed at $47.07.

USCF Midstream Energy Income Fund Price Performance

The firm’s 50-day moving average price is $44.88 and its 200 day moving average price is $42.55. The firm has a market capitalization of $298.96 million, a price-to-earnings ratio of 18.02 and a beta of 0.51.

USCF Midstream Energy Income Fund Increases Dividend

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

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.