Short Interest in NXG NextGen Infrastructure Income Fund (NYSE:NXG) Grows By 25.5%

NXG NextGen Infrastructure Income Fund (NYSE:NXG) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 27,600 shares, a growth of 25.5% from the October 31st total of 22,000 shares. Based on an average daily volume of 31,000 shares, the short-interest ratio is presently 0.9 days.

Insiders Place Their Bets

In related news, insider John Alban sold 1,234 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $41.34, for a total value of $51,013.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Investors Weigh In On NXG NextGen Infrastructure Income Fund

Several hedge funds have recently modified their holdings of NXG. J.W. Cole Advisors Inc. acquired a new stake in shares of NXG NextGen Infrastructure Income Fund in the third quarter worth approximately $671,000. Private Advisor Group LLC acquired a new position in NXG NextGen Infrastructure Income Fund during the third quarter valued at approximately $329,000. Valeo Financial Advisors LLC acquired a new position in NXG NextGen Infrastructure Income Fund during the third quarter valued at approximately $294,000. Finally, Oppenheimer & Co. Inc. acquired a new position in NXG NextGen Infrastructure Income Fund during the third quarter valued at approximately $202,000.

NXG NextGen Infrastructure Income Fund Price Performance

Shares of NXG traded down $0.21 during mid-day trading on Monday, hitting $53.23. The company had a trading volume of 46,928 shares, compared to its average volume of 30,526. The business’s 50-day simple moving average is $45.54 and its 200-day simple moving average is $42.09. NXG NextGen Infrastructure Income Fund has a 1-year low of $32.04 and a 1-year high of $53.84.

NXG NextGen Infrastructure Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.54 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.48 annualized dividend and a dividend yield of 12.17%. NXG NextGen Infrastructure Income Fund’s dividend payout ratio is presently -2,700.00%.

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.