NXG NextGen Infrastructure Income Fund (NYSE:NXG) Short Interest Up 134.1% in March

NXG NextGen Infrastructure Income Fund (NYSE:NXG) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 65,300 shares, an increase of 134.1% from the February 28th total of 27,900 shares. Based on an average daily trading volume, of 38,400 shares, the days-to-cover ratio is presently 1.7 days.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

Several institutional investors and hedge funds have recently modified their holdings of NXG. Janney Montgomery Scott LLC grew its position in shares of 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 purchasing an additional 15,340 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in NXG NextGen Infrastructure Income Fund by 39.8% in the fourth 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 in the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of NXG NextGen Infrastructure Income Fund by 57.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 25,230 shares of the company’s stock worth $1,155,000 after buying an additional 9,158 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of NXG NextGen Infrastructure Income Fund by 65.3% in the 4th quarter. Private Advisor Group LLC now owns 13,017 shares of the company’s stock valued at $596,000 after acquiring an additional 5,142 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in NXG NextGen Infrastructure Income Fund during the 4th quarter worth $1,599,000.

NXG NextGen Infrastructure Income Fund Stock Down 1.4 %

NXG traded down $0.69 on Friday, reaching $47.23. The company had a trading volume of 54,624 shares, compared to its average volume of 35,404. NXG NextGen Infrastructure Income Fund has a fifty-two week low of $34.83 and a fifty-two week high of $53.84. The company’s fifty day moving average is $48.30 and its 200 day moving average is $46.26.

NXG NextGen Infrastructure Income Fund Dividend Announcement

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