NXG Cushing Midstream Energy Fund (NYSE:SRV) Short Interest Update

NXG Cushing Midstream Energy Fund (NYSE:SRV) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 69,126 shares, a growth of 111.4% from the June 30th total of 32,703 shares. Based on an average daily volume of 68,861 shares, the short-interest ratio is currently 1.0 days.

NXG Cushing Midstream Energy Fund Trading Down 1.9%

Shares of SRV traded down $0.89 during trading hours on Tuesday, hitting $46.70. 62,201 shares of the stock were exchanged, compared to its average volume of 62,598. The business has a 50-day moving average of $48.62 and a 200-day moving average of $45.42. NXG Cushing Midstream Energy Fund has a fifty-two week low of $38.11 and a fifty-two week high of $51.54.

NXG Cushing Midstream Energy Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a yield of 12.8%.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in shares of NXG Cushing Midstream Energy Fund in the 1st quarter valued at $25,000. Raymond James Financial Inc. acquired a new stake in NXG Cushing Midstream Energy Fund in the second quarter worth $42,000. Symphony Financial Services Inc. acquired a new stake in NXG Cushing Midstream Energy Fund in the fourth quarter worth $207,000. Janney Montgomery Scott LLC grew its holdings in NXG Cushing Midstream Energy Fund by 20.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 6,280 shares of the investment management company’s stock worth $245,000 after purchasing an additional 1,076 shares during the period. Finally, Jane Street Group LLC increased its stake in NXG Cushing Midstream Energy Fund by 21.6% in the fourth quarter. Jane Street Group LLC now owns 6,724 shares of the investment management company’s stock valued at $263,000 after purchasing an additional 1,196 shares in the last quarter.

NXG Cushing Midstream Energy Fund Company Profile

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) is a closed-end management investment company that primarily focuses on equity securities of midstream energy partnerships. The fund seeks to deliver long-term total return through a combination of current distributions and capital appreciation by investing in publicly traded master limited partnerships (MLPs) and affiliated entities engaged in the transportation, storage, processing and marketing of natural gas, crude oil, refined products and related commodities.

The fund’s portfolio is heavily weighted toward midstream energy infrastructure, including pipelines, terminals, storage facilities and processing plants.