Short Interest in NXG Cushing Midstream Energy Fund (NYSE:SRV) Rises By 111.4%

NXG Cushing Midstream Energy Fund (NYSE:SRV) was the recipient of a large 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 short-interest ratio is presently 1.0 days.

NXG Cushing Midstream Energy Fund Price Performance

SRV stock traded down $1.57 during trading hours on Wednesday, reaching $45.13. 118,648 shares of the stock were exchanged, compared to its average volume of 62,990. The firm’s 50-day moving average is $48.50 and its 200-day moving average is $45.51. NXG Cushing Midstream Energy Fund has a 12 month low of $38.11 and a 12 month high of $51.54.

NXG Cushing Midstream Energy Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.50 per share. This represents a c) annualized dividend and a dividend yield of 13.3%. The ex-dividend date of this dividend is Monday, August 17th.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp bought a new position in shares of NXG Cushing Midstream Energy Fund in the first quarter valued at $25,000. Raymond James Financial Inc. bought a new position in shares of NXG Cushing Midstream Energy Fund in the 2nd quarter valued at about $42,000. Symphony Financial Services Inc. acquired a new position in shares of NXG Cushing Midstream Energy Fund during the 4th quarter worth about $207,000. Janney Montgomery Scott LLC raised its holdings in shares of NXG Cushing Midstream Energy Fund by 20.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,280 shares of the investment management company’s stock valued at $245,000 after purchasing an additional 1,076 shares during the period. Finally, Jane Street Group LLC lifted its stake in NXG Cushing Midstream Energy Fund by 21.6% in the 4th 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 during the last quarter.

About NXG Cushing Midstream Energy Fund

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.