NXG Cushing Midstream Energy Fund (NYSE:SRV) Sees Large Growth in Short Interest

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

NXG Cushing Midstream Energy Fund Stock Performance

NYSE:SRV traded down $0.27 during trading hours on Thursday, reaching $44.91. 133,334 shares of the company were exchanged, compared to its average volume of 63,481. The stock has a 50 day simple moving average of $48.50 and a 200 day simple moving average of $45.51. NXG Cushing Midstream Energy Fund has a 52-week low of $38.11 and a 52-week high of $51.54.

Get NXG Cushing Midstream Energy Fund alerts:

NXG Cushing Midstream Energy Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a $0.50 dividend. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 13.4%.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Large investors have recently modified their holdings of the company. Focus Financial Network Inc. grew its holdings in shares of NXG Cushing Midstream Energy Fund by 23.4% during the 2nd quarter. Focus Financial Network Inc. now owns 24,001 shares of the investment management company’s stock worth $1,202,000 after purchasing an additional 4,552 shares during the period. NewEdge Advisors LLC raised its holdings in NXG Cushing Midstream Energy Fund by 89.6% in 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 period. Symphony Financial Services Inc. raised its holdings in 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 during the period. NWF Advisory Services Inc. lifted its position in NXG Cushing Midstream Energy Fund by 106.9% during the first quarter. NWF Advisory Services Inc. now owns 32,160 shares of the investment management company’s stock valued at $1,431,000 after buying an additional 16,620 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in NXG Cushing Midstream Energy Fund during the first quarter valued at approximately $25,000.

NXG Cushing Midstream Energy Fund Company Profile

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than NXG Cushing Midstream Energy Fund
• Microsoft Just Flipped the AI Spending Narrative Overnight
• Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
• Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
• Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes

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