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

NXG Cushing Midstream Energy Fund (NYSE:SRV) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 28,700 shares, a decrease of 28.4% from the August 15th total of 40,100 shares. Based on an average daily trading volume, of 29,100 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 29,100 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. NWF Advisory Services Inc. acquired a new position in NXG Cushing Midstream Energy Fund during the 2nd quarter worth approximately $302,000. J.W. Cole Advisors Inc. raised its stake in NXG Cushing Midstream Energy Fund by 20.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 33,955 shares of the investment management company’s stock worth $1,438,000 after buying an additional 5,672 shares during the period. Cornerstone Advisors LLC raised its stake in NXG Cushing Midstream Energy Fund by 963.7% during the 2nd quarter. Cornerstone Advisors LLC now owns 25,528 shares of the investment management company’s stock worth $1,081,000 after buying an additional 23,128 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of NXG Cushing Midstream Energy Fund in the second quarter worth approximately $284,000. Finally, Stratos Wealth Advisors LLC raised its stake in shares of NXG Cushing Midstream Energy Fund by 34.9% in the second quarter. Stratos Wealth Advisors LLC now owns 6,964 shares of the investment management company’s stock worth $295,000 after purchasing an additional 1,800 shares during the last quarter.

NXG Cushing Midstream Energy Fund Stock Up 1.6%

SRV stock opened at $45.00 on Tuesday. The stock’s 50 day simple moving average is $42.99 and its 200 day simple moving average is $41.66. NXG Cushing Midstream Energy Fund has a fifty-two week low of $34.24 and a fifty-two week high of $50.61.

NXG Cushing Midstream Energy Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be paid a dividend of $0.45 per share. This represents a c) dividend on an annualized basis and a yield of 12.0%. The ex-dividend date of this dividend is Monday, November 17th.

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.