Short Interest in NXG NextGen Infrastructure Income Fund (NYSE:NXG) Decreases By 36.4%

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the target of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 17,300 shares, a drop of 36.4% from the July 31st total of 27,200 shares. Based on an average trading volume of 39,000 shares, the short-interest ratio is currently 0.4 days.

Insider Buying and Selling

In related news, COO Todd Sunderland purchased 956 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average price of $39.96 per share, with a total value of $38,201.76. Following the completion of the transaction, the chief operating officer now owns 956 shares of the company’s stock, valued at approximately $38,201.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NXG NextGen Infrastructure Income Fund stock. Alpine Global Management LLC increased its holdings in shares of NXG NextGen Infrastructure Income Fund (NYSE:NXG) by 63.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,000 shares of the company’s stock after purchasing an additional 6,219 shares during the period. Alpine Global Management LLC’s holdings in NXG NextGen Infrastructure Income Fund were worth $622,000 as of its most recent filing with the Securities and Exchange Commission.

NXG NextGen Infrastructure Income Fund Stock Performance

NXG NextGen Infrastructure Income Fund stock opened at $39.91 on Wednesday. NXG NextGen Infrastructure Income Fund has a 12 month low of $30.32 and a 12 month high of $43.65. The stock’s 50-day moving average is $39.46 and its 200-day moving average is $39.23.

NXG NextGen Infrastructure Income Fund Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a $0.54 dividend. The ex-dividend date is Thursday, August 15th. This represents a yield of 15.7%. NXG NextGen Infrastructure Income Fund’s payout ratio is -2,700.00%.

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.