Short Interest in NXG NextGen Infrastructure Income Fund (NYSE:NXG) Grows By 35.2%

by · The Markets Daily

NXG NextGen Infrastructure Income Fund (NYSE:NXG – Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 40,304 shares, a growth of 35.2% from the December 15th total of 29,810 shares. Based on an average daily volume of 40,418 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 40,418 shares, the days-to-cover ratio is presently 1.0 days.

Insider Activity at NXG NextGen Infrastructure Income Fund

In other NXG NextGen Infrastructure Income Fund news, Director John Alban purchased 1,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was acquired at an average price of $50.38 per share, for a total transaction of $50,380.00. Following the purchase, the director owned 1,000 shares of the company’s stock, valued at approximately $50,380. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Trading of NXG NextGen Infrastructure Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of NXG. Cornerstone Advisors LLC acquired a new stake in NXG NextGen Infrastructure Income Fund during the 3rd quarter worth about $3,919,000. Landscape Capital Management L.L.C. acquired a new position in NXG NextGen Infrastructure Income Fund in the 3rd quarter valued at $1,697,000. Janney Montgomery Scott LLC boosted its position in NXG NextGen Infrastructure Income Fund by 39.9% during the second quarter. Janney Montgomery Scott LLC now owns 55,482 shares of the company’s stock worth $2,790,000 after acquiring an additional 15,830 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of NXG NextGen Infrastructure Income Fund by 32.5% in the second quarter. Guggenheim Capital LLC now owns 42,779 shares of the company’s stock valued at $2,151,000 after purchasing an additional 10,496 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in shares of 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 acquiring an additional 6,227 shares during the period.

NXG NextGen Infrastructure Income Fund Stock Down 1.4%

NYSE:NXG traded down $0.69 during midday trading on Friday, hitting $50.62. The stock had a trading volume of 27,409 shares, compared to its average volume of 43,828. The stock has a 50-day moving average of $49.88 and a 200 day moving average of $49.00. NXG NextGen Infrastructure Income Fund has a one year low of $35.22 and a one year high of $53.38.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a $0.54 dividend. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend is Friday, January 16th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio (DPR) is presently -2,700.00%.

About NXG NextGen Infrastructure Income Fund

(Get Free Report)

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.

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