Short Interest in Adams Natural Resources Fund, Inc. (NYSE:PEO) Decreases By 49.9%

Adams Natural Resources Fund, Inc. (NYSE:PEO - Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 188,600 shares, a drop of 49.9% from the March 15th total of 376,600 shares. Based on an average daily volume of 763,000 shares, the days-to-cover ratio is currently 0.2 days.

Adams Natural Resources Fund Stock Performance

PEO stock traded down $0.04 during mid-day trading on Thursday, reaching $24.02. The company had a trading volume of 35,599 shares, compared to its average volume of 35,244. Adams Natural Resources Fund has a one year low of $19.22 and a one year high of $24.19. The stock's 50-day simple moving average is $22.03 and its two-hundred day simple moving average is $21.48.

Adams Natural Resources Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Thursday, February 8th.

Insider Buying and Selling

In other news, VP Gregory W. Buckley acquired 3,350 shares of Adams Natural Resources Fund stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average cost of $20.50 per share, for a total transaction of $68,675.00. Following the completion of the purchase, the vice president now directly owns 12,936 shares of the company's stock, valued at approximately $265,188. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Saba Capital Management L.P. raised its holdings in Adams Natural Resources Fund by 125.4% during the 3rd quarter. Saba Capital Management L.P. now owns 1,634,468 shares of the financial services provider's stock worth $37,789,000 after buying an additional 909,398 shares during the period. Lazard Asset Management LLC raised its holdings in Adams Natural Resources Fund by 22.9% during the 2nd quarter. Lazard Asset Management LLC now owns 701,266 shares of the financial services provider's stock worth $14,600,000 after buying an additional 130,844 shares during the period. Morgan Stanley grew its stake in Adams Natural Resources Fund by 122.9% during the 4th quarter. Morgan Stanley now owns 490,431 shares of the financial services provider's stock valued at $10,691,000 after acquiring an additional 270,399 shares in the last quarter. Cornerstone Advisors LLC grew its stake in Adams Natural Resources Fund by 2.4% during the 4th quarter. Cornerstone Advisors LLC now owns 482,767 shares of the financial services provider's stock valued at $9,959,000 after acquiring an additional 11,207 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in Adams Natural Resources Fund by 3.8% during the 3rd quarter. Royal Bank of Canada now owns 300,184 shares of the financial services provider's stock valued at $6,941,000 after acquiring an additional 10,903 shares in the last quarter. 33.54% of the stock is owned by institutional investors and hedge funds.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund, Inc is a publicly owned investment manager. The firm invests in the public equity markets across the globe. The firm manages closed-end equity fund focused on the energy and material sectors. It invests in stocks of companies of all market capitalizations operating in the energy and natural resources sector including oil companies, exploration and production, utilities, services, and basic materials sectors.