Salient Midstream & MLP Fund (NYSE:SMM) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 48,700 shares, an increase of 350.9% from the March 15th total of 10,800 shares. Based on an average daily volume of 89,200 shares, the days-to-cover ratio is presently 0.5 days.
Shares of Salient Midstream & MLP Fund stock traded up $0.04 during midday trading on Wednesday, reaching $5.16. 105,363 shares of the company’s stock traded hands, compared to its average volume of 94,624. Salient Midstream & MLP Fund has a 12 month low of $3.21 and a 12 month high of $5.28. The stock has a 50 day moving average of $5.05 and a 200-day moving average of $4.48.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 25th. Stockholders of record on Wednesday, February 17th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, February 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.65%.
About Salient Midstream & MLP Fund
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.
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