The Cushing Renaissance Fund (NYSE:SZC) Sees Significant Growth in Short Interest

The Cushing Renaissance Fund (NYSE:SZCGet Rating) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 3,600 shares, a growth of 111.8% from the April 30th total of 1,700 shares. Based on an average daily volume of 7,200 shares, the short-interest ratio is presently 0.5 days.

Several large investors have recently modified their holdings of SZC. Wolverine Asset Management LLC boosted its stake in shares of The Cushing Renaissance Fund by 185.4% in the 1st quarter. Wolverine Asset Management LLC now owns 43,284 shares of the investment management company’s stock valued at $1,933,000 after purchasing an additional 28,116 shares in the last quarter. Cornerstone Advisors LLC boosted its stake in shares of The Cushing Renaissance Fund by 106.2% in the 1st quarter. Cornerstone Advisors LLC now owns 52,611 shares of the investment management company’s stock valued at $2,350,000 after purchasing an additional 27,097 shares in the last quarter. Raymond James & Associates boosted its stake in shares of The Cushing Renaissance Fund by 47.1% in the 1st quarter. Raymond James & Associates now owns 67,210 shares of the investment management company’s stock valued at $3,002,000 after purchasing an additional 21,525 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in The Cushing Renaissance Fund during the 1st quarter worth about $585,000. Finally, Moors & Cabot Inc. acquired a new position in The Cushing Renaissance Fund during the 3rd quarter worth about $768,000.

Shares of NYSE:SZC traded up $0.57 on Friday, hitting $43.75. The stock had a trading volume of 500 shares, compared to its average volume of 13,892. The Cushing Renaissance Fund has a twelve month low of $37.47 and a twelve month high of $50.94. The firm’s 50 day moving average price is $42.85 and its 200-day moving average price is $43.79.

About The Cushing Renaissance Fund (Get Rating)

The Cushing Renaissance Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.

Featured Stories

Receive News & Ratings for The Cushing Renaissance Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Cushing Renaissance Fund and related companies with MarketBeat.com's FREE daily email newsletter.