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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 7,900 shares, an increase of 43.6% from the September 30th total of 5,500 shares. Based on an average daily trading volume, of 50,600 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 50,600 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of NXG. CoreCap Advisors LLC grew its holdings in NXG NextGen Infrastructure Income Fund by 10.9% during the 3rd quarter. CoreCap Advisors LLC now owns 44,590 shares of the company’s stock worth $2,174,000 after acquiring an additional 4,370 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in 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 worth $808,000 after purchasing an additional 6,227 shares during the period. Guggenheim Capital LLC raised its position in NXG NextGen Infrastructure Income Fund by 32.5% during the 2nd quarter. Guggenheim Capital LLC now owns 42,779 shares of the company’s stock worth $2,151,000 after buying an additional 10,496 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of NXG NextGen Infrastructure Income Fund by 11.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 34,546 shares of the company’s stock valued at $1,737,000 after purchasing an additional 3,655 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in 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 valued at $307,000 after acquiring an additional 400 shares in the last quarter.

NXG NextGen Infrastructure Income Fund Price Performance

NXG NextGen Infrastructure Income Fund stock traded down $1.15 during trading hours on Tuesday, hitting $49.57. The company had a trading volume of 43,434 shares, compared to its average volume of 44,605. The company has a 50-day moving average price of $48.51 and a two-hundred day moving average price of $47.92. NXG NextGen Infrastructure Income Fund has a 1 year low of $35.22 and a 1 year high of $53.84.

NXG NextGen Infrastructure Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 13.1%. NXG NextGen Infrastructure Income Fund’s dividend payout ratio is -2,700.00%.

NXG NextGen Infrastructure Income Fund Company Profile

NXG NextGen Infrastructure Income Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.