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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 17,156 shares, a drop of 43.4% from the January 15th total of 30,306 shares. Based on an average trading volume of 36,896 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 36,896 shares, the days-to-cover ratio is currently 0.5 days.

NXG NextGen Infrastructure Income Fund Trading Up 0.9%

Shares of NXG traded up $0.49 during trading hours on Friday, hitting $54.36. The company had a trading volume of 61,402 shares, compared to its average volume of 45,709. NXG NextGen Infrastructure Income Fund has a one year low of $35.22 and a one year high of $54.88. The company’s fifty day moving average price is $50.61 and its two-hundred day moving average price is $49.33.

NXG NextGen Infrastructure Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Stratos Wealth Advisors LLC raised its stake in shares of NXG NextGen Infrastructure Income Fund by 7.0% during the 2nd quarter. Stratos Wealth Advisors LLC now owns 6,099 shares of the company’s stock worth $307,000 after acquiring an additional 400 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in NXG NextGen Infrastructure Income Fund by 11.8% in the second quarter. J.W. Cole Advisors Inc. now owns 34,546 shares of the company’s stock worth $1,737,000 after purchasing an additional 3,655 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of NXG NextGen Infrastructure Income Fund by 32.5% during the second quarter. Guggenheim Capital LLC now owns 42,779 shares of the company’s stock worth $2,151,000 after purchasing an additional 10,496 shares in the last quarter. Ausdal Financial Partners Inc. lifted its holdings in shares of NXG NextGen Infrastructure Income Fund by 1.9% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 25,573 shares of the company’s stock valued at $1,286,000 after purchasing an additional 482 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of NXG NextGen Infrastructure Income Fund by 63.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 16,069 shares of the company’s stock valued at $808,000 after purchasing an additional 6,227 shares during the last quarter.

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.