NXG NextGen Infrastructure Income Fund (NYSE:NXG) Short Interest Update

NXG NextGen Infrastructure Income Fund (NYSE:NXG) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 7,900 shares, an increase of 43.6% from the September 30th total of 5,500 shares. Based on an average daily volume of 50,600 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 50,600 shares, the short-interest ratio is presently 0.2 days.

NXG NextGen Infrastructure Income Fund Stock Up 1.3%

NXG NextGen Infrastructure Income Fund stock opened at $50.07 on Monday. The company has a fifty day simple moving average of $48.42 and a 200-day simple moving average of $47.86. NXG NextGen Infrastructure Income Fund has a 12-month low of $35.22 and a 12-month high of $53.84.

NXG NextGen Infrastructure Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were issued a dividend of $0.54 per share. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date of this dividend was Wednesday, October 15th. NXG NextGen Infrastructure Income Fund’s payout ratio is -2,700.00%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Elequin Capital LP purchased a new stake in NXG NextGen Infrastructure Income Fund during the first quarter worth approximately $51,000. US Bancorp DE acquired a new stake in NXG NextGen Infrastructure Income Fund during the first quarter worth approximately $66,000. Invesco Ltd. acquired a new stake in NXG NextGen Infrastructure Income Fund during the first quarter worth approximately $225,000. Wolverine Asset Management LLC purchased a new stake in shares of NXG NextGen Infrastructure Income Fund during the 3rd quarter worth approximately $240,000. Finally, Stratos Wealth Advisors LLC acquired a new position in shares of NXG NextGen Infrastructure Income Fund in the 1st quarter valued at $268,000.

NXG NextGen Infrastructure Income Fund Company Profile

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.