NXG NextGen Infrastructure Income Fund (NYSE:NXG) Sees Large Growth in Short Interest

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 65,300 shares, a growth of 134.1% from the February 28th total of 27,900 shares. Based on an average daily volume of 38,400 shares, the short-interest ratio is currently 1.7 days.

NXG NextGen Infrastructure Income Fund Trading Down 1.4 %

Shares of NYSE:NXG traded down $0.69 during trading on Friday, reaching $47.23. The stock had a trading volume of 54,624 shares, compared to its average volume of 35,404. NXG NextGen Infrastructure Income Fund has a 52 week low of $34.83 and a 52 week high of $53.84. The firm’s fifty day moving average is $48.30 and its 200 day moving average is $46.26.

NXG NextGen Infrastructure Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

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

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.