NXG Cushing Midstream Energy Fund (NYSE:SRV) Short Interest Up 32.6% in February

NXG Cushing Midstream Energy Fund (NYSE:SRV) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 45,600 shares, an increase of 32.6% from the January 31st total of 34,400 shares. Based on an average daily volume of 40,300 shares, the days-to-cover ratio is presently 1.1 days.

Insider Buying and Selling at NXG Cushing Midstream Energy Fund

In other NXG Cushing Midstream Energy Fund news, insider John Alban sold 1,090 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $44.76, for a total value of $48,788.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jerry V. Swank sold 3,656 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $46.77, for a total value of $170,991.12. Following the completion of the sale, the insider now directly owns 6,529 shares in the company, valued at approximately $305,361.33. This represents a 35.90 % decrease in their position. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Sit Investment Associates Inc. lifted its stake in shares of NXG Cushing Midstream Energy Fund by 3,678.4% in the 4th quarter. Sit Investment Associates Inc. now owns 292,675 shares of the investment management company’s stock valued at $13,018,000 after acquiring an additional 284,929 shares during the last quarter. LPL Financial LLC lifted its stake in shares of NXG Cushing Midstream Energy Fund by 10.3% in the 4th quarter. LPL Financial LLC now owns 55,781 shares of the investment management company’s stock valued at $2,481,000 after acquiring an additional 5,221 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of NXG Cushing Midstream Energy Fund by 71.1% in the 4th quarter. J.W. Cole Advisors Inc. now owns 21,657 shares of the investment management company’s stock valued at $963,000 after acquiring an additional 9,002 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of NXG Cushing Midstream Energy Fund by 44.0% in the 4th quarter. Stifel Financial Corp now owns 20,244 shares of the investment management company’s stock valued at $900,000 after acquiring an additional 6,185 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of NXG Cushing Midstream Energy Fund in the 4th quarter valued at $594,000.

NXG Cushing Midstream Energy Fund Stock Down 2.6 %

Shares of SRV traded down $1.13 during trading hours on Tuesday, reaching $43.34. The stock had a trading volume of 54,741 shares, compared to its average volume of 31,303. NXG Cushing Midstream Energy Fund has a 12 month low of $37.50 and a 12 month high of $50.61. The company’s 50-day moving average is $46.13 and its two-hundred day moving average is $44.75.

NXG Cushing Midstream Energy Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a $0.45 dividend. This represents a dividend yield of 11.39%. The ex-dividend date was Tuesday, February 18th.

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.