Short Interest in NXG Cushing Midstream Energy Fund (NYSE:SRV) Increases By 32.6%

NXG Cushing Midstream Energy Fund (NYSE:SRV) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 45,600 shares, an increase of 32.6% from the January 31st total of 34,400 shares. Based on an average daily trading volume, of 40,300 shares, the short-interest ratio is currently 1.1 days.

NXG Cushing Midstream Energy Fund Stock Performance

Shares of NYSE:SRV opened at $42.63 on Thursday. NXG Cushing Midstream Energy Fund has a 1-year low of $37.50 and a 1-year high of $50.61. The business has a fifty day moving average price of $46.13 and a 200-day moving average price of $44.75.

NXG Cushing Midstream Energy Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.45 per share. This represents a dividend yield of 11.39%. The ex-dividend date was Tuesday, February 18th.

Insider Activity

In other NXG Cushing Midstream Energy Fund news, insider Jerry V. Swank sold 3,656 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $46.77, for a total value of $170,991.12. Following the completion of the sale, the insider now owns 6,529 shares of the company’s stock, valued at $305,361.33. This represents a 35.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Alban sold 1,090 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $44.76, for a total value of $48,788.40. The disclosure for this sale can be found here.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC boosted its stake in NXG Cushing Midstream Energy Fund by 65.4% in the 4th quarter. CoreCap Advisors LLC now owns 3,225 shares of the investment management company’s stock worth $143,000 after purchasing an additional 1,275 shares during the period. Armis Advisers LLC purchased a new stake in NXG Cushing Midstream Energy Fund in the fourth quarter worth $212,000. Stratos Wealth Advisors LLC bought a new position in shares of NXG Cushing Midstream Energy Fund during the 4th quarter worth $221,000. Private Advisor Group LLC bought a new position in shares of NXG Cushing Midstream Energy Fund during the 4th quarter worth $256,000. Finally, Level Four Advisory Services LLC bought a new position in shares of NXG Cushing Midstream Energy Fund during the 4th quarter worth $347,000.

NXG Cushing Midstream Energy Fund Company Profile

NXG Cushing Midstream Energy Fund is a closed-ended balanced mutual fund launched by Swank Capital, LLC. The fund is managed by Swank Energy Income Advisors L.P. It invests in the public equity and fixed income markets across the globe with a focus in United States. The fund typically invests in MLPs, Other Natural Resource Companies, and global commodities.