NXG NextGen Infrastructure Income Fund (NYSE:NXG) Short Interest Down 95.0% in May

NXG NextGen Infrastructure Income Fund (NYSE:NXG) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 23,684 shares, a drop of 95.0% from the April 30th total of 476,437 shares. Based on an average daily volume of 145,040 shares, the days-to-cover ratio is currently 0.2 days.

NXG NextGen Infrastructure Income Fund Stock Up 0.1%

Shares of NXG traded up $0.05 during mid-day trading on Wednesday, reaching $58.53. The company had a trading volume of 55,823 shares, compared to its average volume of 69,411. The firm has a fifty day simple moving average of $55.85 and a 200-day simple moving average of $52.76. NXG NextGen Infrastructure Income Fund has a fifty-two week low of $45.05 and a fifty-two week high of $60.84.

Insider Buying and Selling at NXG NextGen Infrastructure Income Fund

In related news, COO Todd Sunderland purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average price of $52.66 per share, for a total transaction of $105,320.00. Following the acquisition, the chief operating officer directly owned 2,409 shares in the company, valued at $126,857.94. This trade represents a 489.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders have acquired 3,931 shares of company stock valued at $215,607.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

A number of hedge funds have recently made changes to their positions in the stock. 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 acquiring an additional 482 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of NXG NextGen Infrastructure Income Fund by 7.3% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 37,053 shares of the company’s stock valued at $1,806,000 after acquiring an additional 2,507 shares in the last quarter. Oppenheimer & Co. Inc. lifted 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 acquiring an additional 3,332 shares in the last quarter. Stratos Wealth Advisors LLC lifted its holdings in shares of NXG NextGen Infrastructure Income Fund by 19.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 7,299 shares of the company’s stock valued at $356,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Keener Financial Planning LLC acquired a new position in shares of NXG NextGen Infrastructure Income Fund during the 3rd quarter valued at $146,000.

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.