CUSHING RENAISS/COM (NYSE:SZC) Stock Passes Below Two Hundred Day Moving Average of $15.10

CUSHING RENAISS/COM (NYSE:SZC)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.10 and traded as low as $13.50. CUSHING RENAISS/COM shares last traded at $13.59, with a volume of 910 shares changing hands.

The company’s 50 day simple moving average is $13.25 and its 200 day simple moving average is $15.10.

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.137 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.64 annualized dividend and a yield of 12.07%.



Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA acquired a new position in CUSHING RENAISS/COM during the 2nd quarter valued at about $1,246,000. Landscape Capital Management L.L.C. acquired a new position in CUSHING RENAISS/COM during the 2nd quarter valued at about $148,000. 6 Meridian acquired a new position in CUSHING RENAISS/COM during the 2nd quarter valued at about $176,000. Raymond James Financial Services Advisors Inc. increased its stake in CUSHING RENAISS/COM by 40.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 58,812 shares of the investment management company’s stock valued at $994,000 after buying an additional 17,019 shares during the period. Finally, Invesco Ltd. boosted its position in shares of CUSHING RENAISS/COM by 1.1% during the 2nd quarter. Invesco Ltd. now owns 120,363 shares of the investment management company’s stock valued at $1,697,000 after purchasing an additional 1,285 shares in the last quarter.

About CUSHING RENAISS/COM (NYSE:SZC)

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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