卓越中游基金(纽约证券交易所代码：SMM)空头股数6月份下跌29.5%

Salient Midstream & MLP Fund (NYSE:SMM – Get Rating) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 16,000 shares, a decline of 29.5% from the May 31st total of 22,700 shares. Based on an average daily volume of 72,500 shares, the days-to-cover ratio is currently 0.2 days.

In other news, major shareholder Saba Capital Management, L.P. bought 5,094 shares of the business's stock in a transaction that occurred on Monday, June 13th. The stock was purchased at an average price of $7.96 per share, with a total value of $40,548.24. Following the purchase, the insider now owns 4,215,239 shares of the company's stock, valued at approximately $33,553,302.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 381,504 shares of company stock valued at $3,284,922 in the last three months.

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A number of institutional investors have recently added to or reduced their stakes in SMM. Saba Capital Management L.P. increased its stake in shares of Salient Midstream & MLP Fund by 36.0% during the 1st quarter. Saba Capital Management L.P. now owns 3,722,254 shares of the investment management company's stock valued at $30,671,000 after acquiring an additional 985,125 shares during the last quarter. City of London Investment Management Co. Ltd. acquired a new position in Salient Midstream & MLP Fund during the first quarter worth approximately $3,618,000. Nations Financial Group Inc. IA ADV acquired a new position in Salient Midstream & MLP Fund during the first quarter worth approximately $415,000. First Trust Advisors LP acquired a new position in Salient Midstream & MLP Fund during the first quarter worth approximately $236,000. Finally, Sit Investment Associates Inc. increased its holdings in shares of Salient Midstream & MLP Fund by 294.0% during the 1st quarter. Sit Investment Associates Inc. now owns 641,247 shares of the investment management company's stock worth $5,284,000 after buying an additional 478,504 shares during the last quarter.

Shares of SMM opened at $7.66 on Tuesday. The stock has a fifty day moving average of $8.00 and a two-hundred day moving average of $7.69. Salient Midstream & MLP Fund has a fifty-two week low of $5.14 and a fifty-two week high of $8.96.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 27th. Investors of record on Thursday, May 19th were paid a $0.087 dividend. The ex-dividend date of this dividend was Wednesday, May 18th. This represents a $0.35 annualized dividend and a yield of 4.54%.

About Salient Midstream & MLP Fund (Get Rating)

Salient Midstream & MLP Fund is a closed ended equity mutual fund launched and managed by Salient Capital Advisors, LLC. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector, including transporting, storing, gathering, processing, distributing, marketing and/or delivering natural gas, natural gas liquids, crude oil or refined products or coal.

Further Reading

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