November 18, 2016 - By Richard Conner · 0 Comments
Cushing Renaissance Fund (NYSE:SZC) institutional sentiment increased to 1.63 in Q2 2016. Its up 0.90, from 0.73 in 2016Q1. The ratio is more positive, as 8 hedge funds increased or opened new equity positions, while 11 sold and decreased equity positions in Cushing Renaissance Fund. The hedge funds in our partner’s database now hold: 1.24 million shares, up from 1.16 million shares in 2016Q1. Also, the number of hedge funds holding Cushing Renaissance Fund in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 6 Increased: 6 New Position: 2.
The Cushing Renaissance Fund is a non-diversified, closed-end management investment company. The company has a market cap of $101.10 million. The Fund’s investment objective is to seek a high total return with an emphasis on current income. It currently has negative earnings. It seeks to achieve its investment objective by investing over 80% of its managed assets in upstream, midstream and downstream energy companies, as well as gas and oil services companies; chemical, metal and industrial and manufacturing companies; engineering and construction companies, and transportation and logistics companies.
The stock increased 1.80% or $0.3 on November 17, hitting $17. Cushing Renaissance Fund (NYSE:SZC) has risen 15.58% since April 18, 2016 and is uptrending. It has outperformed by 11.15% the S&P500.
Bulldog Investors Llc holds 2.13% of its portfolio in Cushing Renaissance Fund for 529,001 shares. Thomas J. Herzfeld Advisors Inc. owns 13,705 shares or 0.11% of their US portfolio. Moreover, Advisors Asset Management Inc. has 0.08% invested in the company for 298,190 shares. The Virginia-based 1607 Capital Partners Llc has invested 0.04% in the stock. Raymond James Trust N.A., a Florida-based fund reported 22,617 shares.#img1#
More notable recent Cushing Renaissance Fund (NYSE:SZC) news were published by: Prnewswire.com which released: “Cushing® Renaissance Fund Announces Quarterly Distributions and Additions to …” on November 29, 2012, also Seekingalpha.com with their article: “FIF: An Energy CEF With A 7% Return Over The Past 5 Years” published on June 23, 2016, Prnewswire.com published: “Cushing® Funds Announce Personnel Change” on December 09, 2015. More interesting news about Cushing Renaissance Fund (NYSE:SZC) were released by: Investmentnews.com and their article: “MainStay jumps into MLP space with mutual funds” published on July 14, 2014 as well as Businesswire.com‘s news article titled: “MainStay Investments and Cushing ® Asset Management LP to Partner on Master …” with publication date: April 07, 2014.
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By Richard Conner