Short Interest in NXG NextGen Infrastructure Income Fund (NYSE:NXG) Drops By 37.7%

NXG NextGen Infrastructure Income Fund (NYSE:NXG) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 9,600 shares, a decrease of 37.7% from the January 15th total of 15,400 shares. Based on an average trading volume of 35,400 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of NXG NextGen Infrastructure Income Fund

A number of hedge funds have recently bought and sold shares of NXG. Raymond James Financial Inc. bought a new position in shares of NXG NextGen Infrastructure Income Fund in the 4th quarter worth $1,599,000. Private Advisor Group LLC grew its stake in NXG NextGen Infrastructure Income Fund by 65.3% in the fourth quarter. Private Advisor Group LLC now owns 13,017 shares of the company’s stock valued at $596,000 after purchasing an additional 5,142 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in NXG NextGen Infrastructure Income Fund by 57.0% in the fourth quarter. J.W. Cole Advisors Inc. now owns 25,230 shares of the company’s stock valued at $1,155,000 after purchasing an additional 9,158 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in NXG NextGen Infrastructure Income Fund by 39.8% in the fourth quarter. Valeo Financial Advisors LLC now owns 9,842 shares of the company’s stock worth $451,000 after purchasing an additional 2,801 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of NXG NextGen Infrastructure Income Fund by 157.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 25,090 shares of the company’s stock valued at $1,149,000 after buying an additional 15,340 shares during the last quarter.

NXG NextGen Infrastructure Income Fund Stock Performance

NYSE:NXG opened at $49.03 on Thursday. The firm has a 50-day simple moving average of $47.17 and a 200-day simple moving average of $44.41. NXG NextGen Infrastructure Income Fund has a one year low of $34.31 and a one year high of $53.84.

NXG NextGen Infrastructure Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a $0.54 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 13.22%. The ex-dividend date is Thursday, May 15th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio (DPR) is -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.