USCF Midstream Energy Income Fund
UMI

$44.90

0.29%

Market Cap: $312M

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

50% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 6

33% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 3

7% more capital invested

Capital invested by funds: $201M [Q1] → $214M (+$13.1M) [Q2]

4% more funds holding

Funds holding: 25 [Q1] → 26 (+1) [Q2]

1.59% less ownership

Funds ownership: 79.98% [Q1] → 78.39% (-1.59%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for UMI.

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Financial journalist opinion

UMI: Active Midstream But Unclear If Active Helps

The midstream segment of the energy sector offers exposure to the energy market with lower volatility and stable cashflows. The USCF Midstream Energy Income Fund is an active fund that aims to provide high current income and capital appreciation. UMI has a diversified portfolio of midstream energy companies, with a 30-Day SEC yield of 5.22% and a focus on long-term contracts.

UMI: Active Midstream But Unclear If Active Helps

Despite Decent 2023 Returns, UMI Continues To Lag Passive ETFs

The USCF Midstream Energy Income Fund ETF is a concentrated sector fund focused on energy midstream companies with low portfolio turnover. The USCF Midstream Energy Income Fund ETF has delivered decent performance, returning 14.6% in 2023. However, despite strong short-term returns, the UMI ETF has continued to underperform passive ETFs in the midstream energy space and has lower distribution yields.

Despite Decent 2023 Returns, UMI Continues To Lag Passive ETFs

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