NXG NextGen Infrastructure Income Fund (NYSE:NXG) Short Interest Update

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 8,121 shares, a drop of 65.7% from the May 14th total of 23,684 shares. Based on an average daily volume of 82,344 shares, the days-to-cover ratio is currently 0.1 days.

Insider Buying and Selling at NXG NextGen Infrastructure Income Fund

In other NXG NextGen Infrastructure Income Fund news, COO Todd Sunderland purchased 802 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were acquired at an average price of $58.45 per share, for a total transaction of $46,876.90. Following the acquisition, the chief operating officer owned 3,211 shares of the company’s stock, valued at $187,682.95. This trade represents a 33.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have acquired 1,531 shares of company stock worth $89,487.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NXG. Fifth Third Bancorp bought a new position in NXG NextGen Infrastructure Income Fund in the 1st quarter worth $5,066,000. Cornerstone Advisors LLC bought a new position in NXG NextGen Infrastructure Income Fund in the 3rd quarter worth $3,919,000. Northwestern Mutual Wealth Management Co. raised its holdings in NXG NextGen Infrastructure Income Fund by 4,237.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 37,950 shares of the company’s stock worth $1,916,000 after acquiring an additional 37,075 shares during the period. Landscape Capital Management L.L.C. bought a new position in NXG NextGen Infrastructure Income Fund in the 3rd quarter worth $1,697,000. Finally, Integrity Wealth Partners LLC bought a new position in NXG NextGen Infrastructure Income Fund in the 1st quarter worth $579,000.

NXG NextGen Infrastructure Income Fund Trading Down 0.9%

Shares of NXG opened at $57.61 on Thursday. NXG NextGen Infrastructure Income Fund has a one year low of $45.05 and a one year high of $60.84. The company’s fifty day moving average price is $56.43 and its 200 day moving average price is $53.44.

NXG NextGen Infrastructure Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a $0.60 dividend. This represents a c) annualized dividend and a yield of 12.5%. The ex-dividend date is Monday, August 17th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio (DPR) is -2,950.00%.

NXG NextGen Infrastructure Income Fund Company Profile

NextGen Infrastructure Income Fund (NYSE: NXG) is a closed-end management investment company that seeks to provide shareholders with high current income and, to a lesser extent, capital appreciation by investing primarily in infrastructure-related assets. The fund’s portfolio typically includes debt and equity securities issued by companies operating in energy, utilities, transportation and communications infrastructure sectors. NXG’s investment strategy blends fixed income instruments—such as corporate bonds and preferred stock—with select equity holdings to build a diversified income-oriented portfolio.

To pursue its objectives, NXG combines thorough credit analysis and sector allocation with active risk management.