November 16, 2016 - By Richard Conner · 0 Comments
The stock of Salient Midstream & Mlp Fund (NYSE:SMM) registered a decrease of 4.3% in short interest. SMM’s total short interest was 8,900 shares in November as published by FINRA. Its down 4.3% from 9,300 shares, reported previously. With 71,300 shares average volume, it will take short sellers 0 days to cover their SMM’s short positions. The stock increased 1.87% or $0.24 on November 15, hitting $13.27. Salient Midstream & MLP Fund (NYSE:SMM) has risen 59.88% since April 14, 2016 and is uptrending. It has outperformed by 55.19% the S&P500.
Salient Midstream & MLP Fund is a non-diversified, closed-end management investment company. The company has a market cap of $235.18 million. The Fund’s objective is to provide a high level of total return with an emphasis on making quarterly cash distributions to its common shareholders. It currently has negative earnings. The Fund seeks to achieve its investment objective by investing approximately 80% of its total assets in securities of midstream companies and master limited partnerships (MLPs).
Insitutional Activity: The institutional sentiment increased to 1.6 in Q2 2016. Its up 0.84, from 0.76 in 2016Q1. The ratio is positive, as 3 funds sold all Salient Midstream & MLP Fund shares owned while 7 reduced positions. 3 funds bought stakes while 13 increased positions. They now own 4.31 million shares or 2.47% more from 4.21 million shares in 2016Q1.
Salient Cap Advsrs Limited Liability holds 0.01% of its portfolio in Salient Midstream & MLP Fund (NYSE:SMM) for 58,853 shares. The Kansas-based Creative Planning has invested 0% in Salient Midstream & MLP Fund (NYSE:SMM). Joel Isaacson And Com Limited Liability Corp has 2,000 shares for 0% of their US portfolio. Brown Advisory Ltd Llc, a Maryland-based fund reported 13,807 shares. Estabrook has invested 0% of its portfolio in Salient Midstream & MLP Fund (NYSE:SMM). Wells Fargo & Mn has invested 0% of its portfolio in Salient Midstream & MLP Fund (NYSE:SMM). Commonwealth Equity Svcs owns 30,826 shares or 0% of their US portfolio. Invesco Limited holds 0% of its portfolio in Salient Midstream & MLP Fund (NYSE:SMM) for 159,511 shares. Ameriprise Fincl accumulated 26,915 shares or 0% of the stock. Thomas J Herzfeld Advsrs accumulated 227,074 shares or 1.35% of the stock. Royal Bankshares Of Canada holds 0% of its portfolio in Salient Midstream & MLP Fund (NYSE:SMM) for 66,807 shares. Raymond James Associates accumulated 0% or 27,663 shares. Segall Bryant & Hamill Ltd Llc, a Illinois-based fund reported 400,450 shares. Sit Inv Incorporated has 478,580 shares for 0.14% of their US portfolio. Oppenheimer Commerce Incorporated holds 0.01% or 34,591 shares in its portfolio.
More notable recent Salient Midstream & MLP Fund (NYSE:SMM) news were published by: Prnewswire.com which released: “Salient Midstream & MLP Fund Announces Fourth Quarter 2016 Dividend Of $0.244 …” on November 07, 2016, also Prnewswire.com with their article: “Salient Midstream & MLP Fund Announces First Quarter 2016 Dividend Of $0.325 …” published on February 03, 2016, Prnewswire.com published: “Salient Midstream & MLP Fund Announces Second Quarter 2015 Dividend of $0.367 …” on May 06, 2015. More interesting news about Salient Midstream & MLP Fund (NYSE:SMM) were released by: Prnewswire.com and their article: “Salient Midstream & MLP Fund Announces Successful Completion of its Reorganization” published on November 17, 2014 as well as Prnewswire.com‘s news article titled: “Salient Midstream & MLP Fund Announces Net Asset Value as of January 31, 2015 …” with publication date: February 06, 2015.
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By Richard Conner