Short Interest in NXG NextGen Infrastructure Income Fund (NYSE:NXG) Drops By 43.4%

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 17,156 shares, a drop of 43.4% from the January 15th total of 30,306 shares. Based on an average daily trading volume, of 36,896 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 36,896 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

Several institutional investors have recently added to or reduced their stakes in NXG. Stratos Wealth Advisors LLC raised its position in NXG NextGen Infrastructure Income Fund by 2.7% in the fourth quarter. Stratos Wealth Advisors LLC now owns 7,499 shares of the company’s stock worth $379,000 after acquiring an additional 200 shares during the period. Ausdal Financial Partners Inc. increased its stake in shares of NXG NextGen Infrastructure Income Fund by 1.9% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 25,573 shares of the company’s stock worth $1,286,000 after purchasing an additional 482 shares during the last quarter. LPL Financial LLC raised its holdings in shares of NXG NextGen Infrastructure Income Fund by 4.0% in the 4th quarter. LPL Financial LLC now owns 19,700 shares of the company’s stock worth $995,000 after purchasing an additional 759 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of NXG NextGen Infrastructure Income Fund in the 4th quarter worth approximately $39,000. Finally, UBS Group AG lifted its stake in NXG NextGen Infrastructure Income Fund by 7.6% in the third quarter. UBS Group AG now owns 12,529 shares of the company’s stock valued at $611,000 after purchasing an additional 889 shares during the last quarter.

NXG NextGen Infrastructure Income Fund Stock Performance

Shares of NXG stock traded up $0.49 during trading on Friday, hitting $54.36. The company’s stock had a trading volume of 61,402 shares, compared to its average volume of 45,709. The business has a fifty day moving average of $50.61 and a 200-day moving average of $49.30. NXG NextGen Infrastructure Income Fund has a 52 week low of $35.22 and a 52 week high of $54.88.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 11.9%. NXG NextGen Infrastructure Income Fund’s dividend payout ratio (DPR) is currently -2,925.00%.

About NXG NextGen Infrastructure Income Fund

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.