NXG NextGen Infrastructure Income Fund (NYSE:NXG) Short Interest Up 35.2% in December

NXG NextGen Infrastructure Income Fund (NYSE:NXG) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 40,304 shares, a growth of 35.2% from the December 15th total of 29,810 shares. Based on an average trading volume of 40,418 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 40,418 shares, the days-to-cover ratio is currently 1.0 days.

Insider Activity at NXG NextGen Infrastructure Income Fund

In other news, Director John Alban acquired 1,000 shares of NXG NextGen Infrastructure Income Fund stock in a transaction dated Wednesday, November 5th. The shares were acquired at an average cost of $50.38 per share, with a total value of $50,380.00. Following the purchase, the director directly owned 1,000 shares of the company’s stock, valued at approximately $50,380. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Keener Financial Planning LLC acquired a new position in NXG NextGen Infrastructure Income Fund in the 3rd quarter worth $146,000. Wolverine Asset Management LLC purchased a new position in NXG NextGen Infrastructure Income Fund in the third quarter valued at about $240,000. Stratos Wealth Advisors LLC boosted its holdings in NXG NextGen Infrastructure Income Fund by 7.0% in the second quarter. Stratos Wealth Advisors LLC now owns 6,099 shares of the company’s stock valued at $307,000 after purchasing an additional 400 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in NXG NextGen Infrastructure Income Fund by 70.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,082 shares of the company’s stock worth $394,000 after purchasing an additional 3,332 shares during the last quarter. Finally, UBS Group AG increased its holdings in NXG NextGen Infrastructure Income Fund by 7.6% during the 3rd quarter. UBS Group AG now owns 12,529 shares of the company’s stock worth $611,000 after purchasing an additional 889 shares during the last quarter.

NXG NextGen Infrastructure Income Fund Price Performance

NXG traded down $0.69 during trading on Monday, hitting $50.62. 27,409 shares of the company’s stock were exchanged, compared to its average volume of 43,828. NXG NextGen Infrastructure Income Fund has a 1 year low of $35.22 and a 1 year high of $53.38. The stock has a 50 day moving average price of $49.88 and a 200 day moving average price of $48.99.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a c) annualized dividend and a yield of 12.8%. NXG NextGen Infrastructure Income Fund’s payout ratio is -2,700.00%.

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.