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 during 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 short-interest ratio is currently 2.7 days.

Institutional Trading of NXG Cushing Midstream Energy Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NWF Advisory Services Inc. lifted its position in NXG Cushing Midstream Energy Fund by 26.0% during 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 during the period. Focus Financial Network Inc. boosted its holdings in NXG Cushing Midstream Energy Fund by 32.5% in the third quarter. Focus Financial Network Inc. now owns 31,798 shares of the investment management company’s stock valued at $1,317,000 after purchasing an additional 7,797 shares during the last quarter. Advisory Solutions Group LLC purchased a new stake in NXG Cushing Midstream Energy Fund in the second quarter valued at $771,000. NewEdge Advisors LLC grew its position in NXG Cushing Midstream Energy Fund by 32.4% during the 2nd quarter. NewEdge Advisors LLC now owns 10,101 shares of the investment management company’s stock worth $506,000 after purchasing an additional 2,474 shares during the period. Finally, Private Advisor Group LLC grew its position in NXG Cushing Midstream Energy Fund by 27.3% during the 1st quarter. Private Advisor Group LLC now owns 8,856 shares of the investment management company’s stock worth $394,000 after purchasing an additional 1,900 shares during the period.

NXG Cushing Midstream Energy Fund Trading Down 0.5%

Shares of NYSE:SRV opened at $39.42 on Wednesday. NXG Cushing Midstream Energy Fund has a twelve month low of $37.29 and a twelve month high of $51.54. The company’s 50 day moving average is $43.04 and its 200 day moving average is $45.13.

NXG Cushing Midstream Energy Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued a $0.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 15.2%. The ex-dividend date of this dividend is Monday, November 16th.

About NXG Cushing Midstream Energy Fund

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.