NXG NextGen Infrastructure Income Fund (NYSE:NXG) Sees Large Decrease in Short Interest

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 9,600 shares, a drop of 67.9% from the November 30th total of 29,900 shares. Based on an average trading volume of 35,700 shares, the short-interest ratio is presently 0.3 days.

NXG NextGen Infrastructure Income Fund Stock Down 0.6 %

Shares of NYSE:NXG traded down $0.25 during midday trading on Friday, hitting $43.99. The company had a trading volume of 14,952 shares, compared to its average volume of 31,751. The firm has a fifty day simple moving average of $46.24 and a 200 day simple moving average of $42.54. NXG NextGen Infrastructure Income Fund has a 12 month low of $32.04 and a 12 month high of $53.84.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a $0.54 dividend. This represents a $6.48 annualized dividend and a yield of 14.73%. The ex-dividend date is Thursday, January 16th. NXG NextGen Infrastructure Income Fund’s payout ratio is presently -2,700.00%.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer & Co. Inc. acquired a new stake in shares of NXG NextGen Infrastructure Income Fund in the 3rd quarter valued at about $202,000. Valeo Financial Advisors LLC bought a new position in shares of NXG NextGen Infrastructure Income Fund during the third quarter worth about $294,000. Private Advisor Group LLC acquired a new stake in NXG NextGen Infrastructure Income Fund in the 3rd quarter valued at approximately $329,000. Finally, J.W. Cole Advisors Inc. bought a new stake in NXG NextGen Infrastructure Income Fund in the 3rd quarter valued at approximately $671,000.

About NXG NextGen Infrastructure Income Fund

NXG NextGen Infrastructure Income 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.