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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 27,900 shares, an increase of 19.7% from the February 13th total of 23,300 shares. Based on an average daily volume of 39,800 shares, the days-to-cover ratio is currently 0.7 days.

NXG NextGen Infrastructure Income Fund Stock Performance

NYSE:NXG traded down $0.04 during mid-day trading on Thursday, reaching $47.52. The stock had a trading volume of 11,746 shares, compared to its average volume of 39,189. NXG NextGen Infrastructure Income Fund has a 12 month low of $34.83 and a 12 month high of $53.84. The stock has a 50-day simple moving average of $48.32 and a two-hundred day simple moving average of $45.98.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Investors 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 was Tuesday, February 18th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio is -2,700.00%.

Institutional Investors Weigh In On NXG NextGen Infrastructure Income Fund

Hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp grew its holdings in NXG NextGen Infrastructure Income Fund by 99.0% during the 4th quarter. Stifel Financial Corp now owns 27,665 shares of the company’s stock worth $1,267,000 after acquiring an additional 13,765 shares during the period. Comerica Bank grew its position in NXG NextGen Infrastructure Income Fund by 72,635.8% in the 4th quarter. Comerica Bank now owns 89,465 shares of the company’s stock valued at $4,097,000 after purchasing an additional 89,342 shares during the period. Raymond James Financial Inc. bought a new position in shares of NXG NextGen Infrastructure Income Fund in the fourth quarter valued at $1,599,000. Guggenheim Capital LLC grew its holdings in shares of NXG NextGen Infrastructure Income Fund by 148.7% during the fourth 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 last quarter. Finally, Aristides Capital LLC boosted its stake in NXG NextGen Infrastructure Income Fund by 12.1% during the 4th quarter. Aristides Capital LLC now owns 41,572 shares of the company’s stock valued at $1,904,000 after purchasing an additional 4,490 shares during the last quarter.

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.