Short Interest in NXG NextGen Infrastructure Income Fund (NYSE:NXG) Rises By 142.7%

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 23,300 shares, a growth of 142.7% from the January 31st total of 9,600 shares. Based on an average daily trading volume, of 35,600 shares, the days-to-cover ratio is presently 0.7 days.

NXG NextGen Infrastructure Income Fund Stock Performance

NXG NextGen Infrastructure Income Fund stock traded up $1.10 during mid-day trading on Friday, hitting $47.70. The company had a trading volume of 51,537 shares, compared to its average volume of 31,960. NXG NextGen Infrastructure Income Fund has a 1 year low of $34.83 and a 1 year high of $53.84. The business has a fifty day moving average of $47.89 and a 200 day moving average of $45.29.

NXG NextGen Infrastructure Income Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were given a $0.54 dividend. The ex-dividend date was Tuesday, February 18th. This represents a yield of 13.02%. NXG NextGen Infrastructure Income Fund’s dividend payout ratio (DPR) is -2,700.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NXG. Stifel Financial Corp increased its holdings in shares of NXG NextGen Infrastructure Income Fund by 99.0% in the 4th quarter. Stifel Financial Corp now owns 27,665 shares of the company’s stock valued at $1,267,000 after purchasing an additional 13,765 shares in the last quarter. Comerica Bank raised its stake in NXG NextGen Infrastructure Income Fund by 72,635.8% in the 4th quarter. Comerica Bank now owns 89,465 shares of the company’s stock valued at $4,097,000 after purchasing an additional 89,342 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in NXG NextGen Infrastructure Income Fund during the fourth quarter worth approximately $1,599,000. Guggenheim Capital LLC grew its position in shares of NXG NextGen Infrastructure Income Fund by 148.7% in the fourth quarter. Guggenheim Capital LLC now owns 21,649 shares of the company’s stock valued at $991,000 after purchasing an additional 12,943 shares during the period. Finally, Aristides Capital LLC lifted its holdings in shares of NXG NextGen Infrastructure Income Fund by 12.1% during the 4th quarter. Aristides Capital LLC now owns 41,572 shares of the company’s stock worth $1,904,000 after acquiring an additional 4,490 shares during the period.

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.