Short Interest in NXG NextGen Infrastructure Income Fund (NYSE:NXG) Grows By 142.7%

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 23,300 shares, a growth of 142.7% from the January 31st total of 9,600 shares. Based on an average daily trading volume, of 35,600 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of NXG NextGen Infrastructure Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. purchased a new position in shares of NXG NextGen Infrastructure Income Fund in the 3rd quarter valued at approximately $202,000. Private Advisor Group LLC acquired a new stake in shares of NXG NextGen Infrastructure Income Fund during the third quarter worth $329,000. Valeo Financial Advisors LLC grew its position in NXG NextGen Infrastructure Income Fund by 39.8% in the 4th quarter. Valeo Financial Advisors LLC now owns 9,842 shares of the company’s stock valued at $451,000 after buying an additional 2,801 shares during the last quarter. Guggenheim Capital LLC increased its stake in NXG NextGen Infrastructure Income Fund by 148.7% in the 4th quarter. Guggenheim Capital LLC now owns 21,649 shares of the company’s stock valued at $991,000 after buying an additional 12,943 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in NXG NextGen Infrastructure Income Fund by 157.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 25,090 shares of the company’s stock worth $1,149,000 after buying an additional 15,340 shares during the last quarter.

NXG NextGen Infrastructure Income Fund Stock Up 2.4 %

Shares of NXG NextGen Infrastructure Income Fund stock opened at $47.70 on Friday. The firm’s fifty day simple moving average is $47.89 and its 200-day simple moving average is $45.25. NXG NextGen Infrastructure Income Fund has a 12 month low of $34.83 and a 12 month high of $53.84.

NXG NextGen Infrastructure Income Fund Announces Dividend

The business also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a dividend of $0.54 per share. This represents a dividend yield of 13.02%. The ex-dividend date of this dividend was Tuesday, February 18th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio is currently -2,700.00%.

NXG NextGen Infrastructure Income Fund Company Profile

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.