NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Short Interest Report for October

by · The Cerbat Gem

NXG Cushing Midstream Energy Fund (NYSE:SRV – Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 120,636 shares, an increase of 62.7% from the September 30th total of 74,138 shares. Based on an average trading volume of 44,674 shares, the short-interest ratio is currently 2.7 days.

Institutional Trading of NXG Cushing Midstream Energy Fund

Several hedge funds have recently bought and sold shares of SRV. Fifth Third Bancorp acquired a new position in NXG Cushing Midstream Energy Fund during the first quarter worth $25,000. Integrated Wealth Concepts LLC bought a new position in shares of NXG Cushing Midstream Energy Fund in the second quarter valued at $112,000. Symphony Financial Services Inc. lifted its stake in shares of NXG Cushing Midstream Energy Fund by 7.1% in the first quarter. Symphony Financial Services Inc. now owns 5,672 shares of the investment management company’s stock valued at $252,000 after buying an additional 378 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of NXG Cushing Midstream Energy Fund by 9.5% during the first quarter. Janney Montgomery Scott LLC now owns 6,875 shares of the investment management company’s stock valued at $306,000 after buying an additional 595 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of NXG Cushing Midstream Energy Fund by 89.6% during the first quarter. NewEdge Advisors LLC now owns 7,627 shares of the investment management company’s stock valued at $339,000 after buying an additional 3,604 shares during the last quarter.

NXG Cushing Midstream Energy Fund Trading Down 1.7%

NXG Cushing Midstream Energy Fund stock traded down $0.70 during mid-day trading on Monday, reaching $40.24. The stock had a trading volume of 25,502 shares, compared to its average volume of 60,182. NXG Cushing Midstream Energy Fund has a fifty-two week low of $37.29 and a fifty-two week high of $51.54. The stock’s 50-day simple moving average is $43.29 and its 200-day simple moving average is $45.14.

NXG Cushing Midstream Energy Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a $0.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date is Monday, November 16th.

NXG Cushing Midstream Energy Fund Company Profile

(Get Free Report)

NXG Cushing Midstream Energy Fund (NYSE: SRV) is a publicly traded closed-end investment fund focused on the midstream energy infrastructure sector. The fund seeks to provide investors with total return, with an emphasis on generating current income through investments in companies involved in the transportation, storage, processing and gathering of energy commodities.

The fund invests primarily in equity securities and other financial instruments issued by midstream energy businesses, including master limited partnerships, corporations and other entities that own or operate pipelines, terminals, storage facilities and related infrastructure.

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