NXG NextGen Infrastructure Income Fund (NYSE:NXG) Short Interest Up 50.7% in March

NXG NextGen Infrastructure Income Fund (NYSE:NXG) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 13,475 shares, an increase of 50.7% from the February 26th total of 8,944 shares. Based on an average trading volume of 49,933 shares, the days-to-cover ratio is currently 0.3 days.

NXG NextGen Infrastructure Income Fund Trading Down 1.1%

Shares of NYSE NXG traded down $0.63 during mid-day trading on Friday, reaching $55.88. The company had a trading volume of 175,160 shares, compared to its average volume of 46,857. NXG NextGen Infrastructure Income Fund has a twelve month low of $35.22 and a twelve month high of $57.05. The stock’s 50 day moving average is $53.21 and its 200-day moving average is $50.82.

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 issued a dividend of $0.54 per share. This represents a c) annualized dividend and a dividend yield of 11.6%. The ex-dividend date is Friday, May 15th. NXG NextGen Infrastructure Income Fund’s payout ratio is currently -2,700.00%.

Insider Activity

In related news, COO Todd Sunderland purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average cost of $52.66 per share, for a total transaction of $105,320.00. Following the completion of the acquisition, the chief operating officer owned 2,409 shares in the company, valued at $126,857.94. This trade represents a 489.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 2,881 shares of company stock valued at $150,590 over the last ninety days.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in NXG NextGen Infrastructure Income Fund by 4,237.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 37,950 shares of the company’s stock valued at $1,916,000 after acquiring an additional 37,075 shares during the last quarter. PFG Investments LLC bought a new stake in NXG NextGen Infrastructure Income Fund in the fourth quarter worth approximately $316,000. Stratos Wealth Advisors LLC increased its stake in shares of NXG NextGen Infrastructure Income Fund by 2.7% during the 4th quarter. Stratos Wealth Advisors LLC now owns 7,499 shares of the company’s stock worth $379,000 after purchasing an additional 200 shares during the last quarter. CoreCap Advisors LLC increased its stake in shares of NXG NextGen Infrastructure Income Fund by 3.0% during the 4th quarter. CoreCap Advisors LLC now owns 45,925 shares of the company’s stock worth $2,319,000 after purchasing an additional 1,335 shares during the last quarter. Finally, Cornerstone Advisors LLC bought a new position in shares of NXG NextGen Infrastructure Income Fund during the 3rd quarter valued at $3,919,000.

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.