The Cushing MLP & Infrastructure Total Return Fund (NYSE:SRV) Short Interest Down 24.4% in April


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The Cushing MLP & Infrastructure Total Return Fund (NYSE:SRV) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 3,400 shares, a decline of 24.4% from the March 31st total of 4,500 shares. Based on an average trading volume of 10,600 shares, the short-interest ratio is currently 0.3 days.

Several hedge funds have recently modified their holdings of the stock. FNY Investment Advisers LLC bought a new stake in The Cushing MLP & Infrastructure Total Return Fund during the fourth quarter valued at $40,000. Private Advisor Group LLC purchased a new position in shares of The Cushing MLP & Infrastructure Total Return Fund during the first quarter worth about $213,000. CWA Asset Management Group LLC increased its position in shares of The Cushing MLP & Infrastructure Total Return Fund by 5.4% in the fourth quarter. CWA Asset Management Group LLC now owns 14,136 shares of the investment management company’s stock worth $302,000 after purchasing an additional 730 shares during the last quarter. OTA Financial Group L.P. lifted its position in The Cushing MLP & Infrastructure Total Return Fund by 100.3% during the fourth quarter. OTA Financial Group L.P. now owns 30,888 shares of the investment management company’s stock valued at $658,000 after purchasing an additional 15,470 shares during the last quarter. Finally, RMB Capital Management LLC grew its stake in The Cushing MLP & Infrastructure Total Return Fund by 26.0% in the 4th quarter. RMB Capital Management LLC now owns 41,094 shares of the investment management company’s stock worth $877,000 after buying an additional 8,482 shares in the last quarter.

NYSE SRV traded down $0.04 on Tuesday, hitting $26.36. The stock had a trading volume of 12,424 shares, compared to its average volume of 11,393. The firm has a 50-day moving average of $25.02 and a 200-day moving average of $22.55. The Cushing MLP & Infrastructure Total Return Fund has a 52-week low of $15.26 and a 52-week high of $26.50.

The company also recently declared a monthly dividend, which will be paid on Friday, May 28th. Stockholders of record on Monday, May 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 14th. This represents a $1.44 annualized dividend and a dividend yield of 5.46%.

The Cushing MLP & Infrastructure Total Return Fund Company Profile

Cushing MLP Total Return 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.

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