Short Interest in NXG NextGen Infrastructure Income Fund (NYSE:NXG) Declines By 24.8%

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 30,306 shares, a decline of 24.8% from the December 31st total of 40,304 shares. Based on an average trading volume of 45,520 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 45,520 shares, the short-interest ratio is currently 0.7 days.

Insider Buying and Selling at NXG NextGen Infrastructure Income Fund

In other news, Director John Alban purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was purchased at an average price of $50.38 per share, for a total transaction of $50,380.00. Following the completion of the acquisition, the director owned 1,000 shares of the company’s stock, valued at approximately $50,380. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Institutional Investors Weigh In On NXG NextGen Infrastructure Income Fund

Several hedge funds have recently modified their holdings of NXG. Cornerstone Advisors LLC purchased a new stake in NXG NextGen Infrastructure Income Fund during the third quarter worth $3,919,000. Landscape Capital Management L.L.C. purchased a new stake in shares of NXG NextGen Infrastructure Income Fund during the 3rd quarter worth $1,697,000. Janney Montgomery Scott LLC grew its stake in NXG NextGen Infrastructure Income Fund by 39.9% in the second quarter. Janney Montgomery Scott LLC now owns 55,482 shares of the company’s stock valued at $2,790,000 after purchasing an additional 15,830 shares during the last quarter. Guggenheim Capital LLC lifted 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 valued at $2,151,000 after buying an additional 10,496 shares during the last quarter. Finally, PFG Investments LLC bought a new stake in shares of NXG NextGen Infrastructure Income Fund in the 4th quarter valued at about $316,000.

NXG NextGen Infrastructure Income Fund Trading Up 0.0%

NYSE NXG traded up $0.02 on Tuesday, reaching $50.86. 58,897 shares of the stock traded hands, compared to its average volume of 42,459. NXG NextGen Infrastructure Income Fund has a 12 month low of $35.22 and a 12 month high of $53.38. The company has a fifty day moving average price of $50.18 and a 200-day moving average price of $49.07.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 12.7%. NXG NextGen Infrastructure Income Fund’s dividend payout ratio is -2,700.00%.

NXG NextGen Infrastructure Income Fund Company Profile

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.