NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Short Interest Report for October

NXG Cushing Midstream Energy Fund (NYSE:SRV) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 120,636 shares, an increase of 62.7% from the September 30th total of 74,138 shares. Based on an average daily trading volume, of 44,674 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. NWF Advisory Services Inc. increased its stake in NXG Cushing Midstream Energy Fund by 26.0% in the second quarter. NWF Advisory Services Inc. now owns 40,510 shares of the investment management company’s stock valued at $2,029,000 after purchasing an additional 8,350 shares in the last quarter. Focus Financial Network Inc. boosted its position in shares of NXG Cushing Midstream Energy Fund by 32.5% during the 3rd quarter. Focus Financial Network Inc. now owns 31,798 shares of the investment management company’s stock worth $1,317,000 after purchasing an additional 7,797 shares in the last quarter. Advisory Solutions Group LLC bought a new position in shares of NXG Cushing Midstream Energy Fund during the 2nd quarter worth about $771,000. NewEdge Advisors LLC grew its stake in shares of NXG Cushing Midstream Energy Fund by 32.4% in the 2nd quarter. NewEdge Advisors LLC now owns 10,101 shares of the investment management company’s stock valued at $506,000 after buying an additional 2,474 shares during the period. Finally, Private Advisor Group LLC grew its stake in shares of NXG Cushing Midstream Energy Fund by 27.3% in the 1st quarter. Private Advisor Group LLC now owns 8,856 shares of the investment management company’s stock valued at $394,000 after buying an additional 1,900 shares during the period.

NXG Cushing Midstream Energy Fund Price Performance

Shares of NXG Cushing Midstream Energy Fund stock traded down $0.70 on Monday, reaching $40.24. 25,502 shares of the company’s stock were exchanged, compared to its average volume of 60,182. NXG Cushing Midstream Energy Fund has a 52 week low of $37.29 and a 52 week high of $51.54. The firm’s 50-day moving average is $43.29 and its two-hundred day moving average is $45.14.

NXG Cushing Midstream Energy Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be given a dividend of $0.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date is Monday, November 16th.

NXG Cushing Midstream Energy Fund Company Profile

NXG Cushing Midstream Energy Fund (NYSE: SRV) is a publicly traded closed-end investment fund focused on the midstream energy infrastructure sector. The fund seeks to provide investors with total return, with an emphasis on generating current income through investments in companies involved in the transportation, storage, processing and gathering of energy commodities.

The fund invests primarily in equity securities and other financial instruments issued by midstream energy businesses, including master limited partnerships, corporations and other entities that own or operate pipelines, terminals, storage facilities and related infrastructure.