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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 20,696 shares, a growth of 20.6% from the January 29th total of 17,156 shares. Based on an average daily volume of 54,854 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 54,854 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On NXG NextGen Infrastructure Income Fund

A number of institutional investors have recently added to or reduced their stakes in NXG. Flagship Harbor Advisors LLC acquired a new position in NXG NextGen Infrastructure Income Fund during the 4th quarter worth approximately $39,000. Kestra Advisory Services LLC acquired a new position in NXG NextGen Infrastructure Income Fund during the fourth quarter worth $50,000. Keener Financial Planning LLC purchased a new position in NXG NextGen Infrastructure Income Fund in the third quarter worth $146,000. Wolverine Asset Management LLC acquired a new stake in NXG NextGen Infrastructure Income Fund in the third quarter valued at $240,000. Finally, NewEdge Advisors LLC acquired a new stake in NXG NextGen Infrastructure Income Fund in the fourth quarter valued at $258,000.

NXG NextGen Infrastructure Income Fund Trading Down 1.3%

NYSE:NXG opened at $54.30 on Wednesday. The firm’s fifty day moving average price is $51.77 and its 200 day moving average price is $49.79. NXG NextGen Infrastructure Income Fund has a 1-year low of $35.22 and a 1-year high of $55.64.

NXG NextGen Infrastructure Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.54 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date is Friday, May 15th. NXG NextGen Infrastructure Income Fund’s payout ratio is -2,925.00%.

About NXG NextGen Infrastructure Income Fund

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.