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

NXG Cushing Midstream Energy Fund (NYSE:SRV) was the target of a large increase in short interest during the month of 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 short-interest ratio is presently 1.1 days.

NXG Cushing Midstream Energy Fund Stock Performance

Shares of SRV stock traded down $1.13 during mid-day trading on Tuesday, hitting $43.34. The company’s stock had a trading volume of 54,741 shares, compared to its average volume of 31,303. The company’s fifty day simple moving average is $46.13 and its 200-day simple moving average is $44.75. NXG Cushing Midstream Energy Fund has a 52 week low of $37.50 and a 52 week high of $50.61.

NXG Cushing Midstream Energy Fund Dividend Announcement

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

Insider Buying and Selling

In related 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 transaction of $48,788.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jerry V. Swank sold 3,656 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $46.77, for a total value of $170,991.12. Following the transaction, the insider now directly owns 6,529 shares of the company’s stock, valued at approximately $305,361.33. This represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Institutional Trading of NXG Cushing Midstream Energy Fund

Several large investors have recently made changes to their positions in SRV. Sit Investment Associates Inc. grew 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 buying an additional 284,929 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of NXG Cushing Midstream Energy Fund in the 4th quarter valued at about $594,000. J.W. Cole Advisors Inc. grew 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 buying an additional 9,002 shares during the period. Level Four Advisory Services LLC acquired a new stake in shares of NXG Cushing Midstream Energy Fund in the 4th quarter valued at about $347,000. Finally, Stifel Financial Corp grew 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 buying an additional 6,185 shares during the period.

About NXG Cushing Midstream Energy Fund

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.