NXG NextGen Infrastructure Income Fund (NYSE:NXG) Sees Large Growth in Short Interest

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 29,810 shares, a growth of 49.1% from the November 30th total of 19,987 shares. Based on an average trading volume of 53,518 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 53,518 shares, the short-interest ratio is currently 0.6 days.

Insider Buying and Selling

In other news, Director John Alban acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was bought at an average price of $50.38 per share, with a total value of $50,380.00. Following the transaction, the director directly owned 1,000 shares in the company, valued at approximately $50,380. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional Investors Weigh In On NXG NextGen Infrastructure Income Fund

Several institutional investors have recently made changes to their positions in the stock. Keener Financial Planning LLC bought a new position in shares of NXG NextGen Infrastructure Income Fund in the third quarter worth $146,000. Invesco Ltd. bought a new position in NXG NextGen Infrastructure Income Fund in the first quarter valued at about $225,000. Wolverine Asset Management LLC acquired a new position in NXG NextGen Infrastructure Income Fund during the third quarter worth about $240,000. Stratos Wealth Advisors LLC lifted its holdings in shares of 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 worth $307,000 after acquiring an additional 400 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of 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 valued at $394,000 after purchasing an additional 3,332 shares during the last quarter.

NXG NextGen Infrastructure Income Fund Price Performance

Shares of NXG NextGen Infrastructure Income Fund stock traded up $0.12 on Monday, hitting $50.70. The stock had a trading volume of 24,173 shares, compared to its average volume of 44,706. The business’s 50 day moving average is $49.44 and its two-hundred day moving average is $48.82. NXG NextGen Infrastructure Income Fund has a twelve month low of $35.22 and a twelve month high of $53.38.

NXG NextGen Infrastructure Income Fund Announces Dividend

The firm 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. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend is Friday, January 16th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio (DPR) is currently -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.