The Cushing Renaissance Fund (NYSE:SZC) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 3,500 shares, a decrease of 58.8% from the August 15th total of 8,500 shares. Based on an average trading volume of 15,600 shares, the short-interest ratio is currently 0.2 days.
Hedge funds have recently added to or reduced their stakes in the company. Eudaimonia Partners LLC grew its holdings in shares of The Cushing Renaissance Fund by 85.6% in the first quarter. Eudaimonia Partners LLC now owns 3,241 shares of the investment management company’s stock valued at $131,000 after acquiring an additional 1,495 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in The Cushing Renaissance Fund by 3.1% during the first quarter. Envestnet Asset Management Inc. now owns 11,749 shares of the investment management company’s stock valued at $474,000 after purchasing an additional 352 shares during the period. 6 Meridian grew its holdings in The Cushing Renaissance Fund by 14.1% during the second quarter. 6 Meridian now owns 12,893 shares of the investment management company’s stock valued at $624,000 after purchasing an additional 1,593 shares during the period. Cornerstone Advisors LLC bought a new position in The Cushing Renaissance Fund during the first quarter valued at $666,000. Finally, CSS LLC IL grew its holdings in The Cushing Renaissance Fund by 1.6% during the first quarter. CSS LLC IL now owns 16,890 shares of the investment management company’s stock valued at $682,000 after purchasing an additional 268 shares during the period.
Shares of SZC stock traded down $0.14 during trading on Friday, hitting $45.87. The company’s stock had a trading volume of 6,667 shares, compared to its average volume of 15,753. The business has a fifty day moving average of $45.77 and a 200-day moving average of $44.90. The Cushing Renaissance Fund has a 52 week low of $26.07 and a 52 week high of $50.94.
The Cushing Renaissance Fund Company Profile
The Cushing Renaissance Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.
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