Short Interest in NXG NextGen Infrastructure Income Fund (NYSE:NXG) Increases By 142.7%

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 23,300 shares, a growth of 142.7% from the January 31st total of 9,600 shares. Based on an average daily trading volume, of 35,600 shares, the days-to-cover ratio is presently 0.7 days.

NXG NextGen Infrastructure Income Fund Trading Up 2.4 %

NXG traded up $1.10 on Friday, reaching $47.70. The company had a trading volume of 51,537 shares, compared to its average volume of 31,960. The business has a 50 day simple moving average of $47.89 and a 200 day simple moving average of $45.29. NXG NextGen Infrastructure Income Fund has a 52-week low of $34.83 and a 52-week high of $53.84.

NXG NextGen Infrastructure Income Fund Announces Dividend

The business also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.54 per share. This represents a dividend yield of 13.02%. The ex-dividend date of this dividend was Tuesday, February 18th. NXG NextGen Infrastructure Income Fund’s payout ratio is -2,700.00%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Comerica Bank lifted its stake in shares of NXG NextGen Infrastructure Income Fund by 72,635.8% in the fourth quarter. Comerica Bank now owns 89,465 shares of the company’s stock worth $4,097,000 after buying an additional 89,342 shares in the last quarter. Aristides Capital LLC raised its holdings in NXG NextGen Infrastructure Income Fund by 12.1% in the 4th quarter. Aristides Capital LLC now owns 41,572 shares of the company’s stock worth $1,904,000 after acquiring an additional 4,490 shares during the last quarter. Raymond James Financial Inc. bought a new position in NXG NextGen Infrastructure Income Fund in the 4th quarter valued at approximately $1,599,000. Stifel Financial Corp boosted its stake in NXG NextGen Infrastructure Income Fund by 99.0% during the 4th quarter. Stifel Financial Corp now owns 27,665 shares of the company’s stock valued at $1,267,000 after purchasing an additional 13,765 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of NXG NextGen Infrastructure Income Fund by 57.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 25,230 shares of the company’s stock worth $1,155,000 after purchasing an additional 9,158 shares in the last quarter.

About NXG NextGen Infrastructure Income Fund

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.