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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 27,900 shares, a growth of 19.7% from the February 13th total of 23,300 shares. Based on an average daily volume of 39,800 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp grew its stake in NXG NextGen Infrastructure Income Fund by 99.0% during the 4th quarter. Stifel Financial Corp now owns 27,665 shares of the company’s stock worth $1,267,000 after purchasing an additional 13,765 shares in the last quarter. Comerica Bank boosted its position in shares of NXG NextGen Infrastructure Income Fund by 72,635.8% during the 4th quarter. Comerica Bank now owns 89,465 shares of the company’s stock worth $4,097,000 after acquiring an additional 89,342 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of NXG NextGen Infrastructure Income Fund during the 4th quarter worth about $1,599,000. Guggenheim Capital LLC boosted its position in shares of NXG NextGen Infrastructure Income Fund by 148.7% during the 4th quarter. Guggenheim Capital LLC now owns 21,649 shares of the company’s stock worth $991,000 after acquiring an additional 12,943 shares in the last quarter. Finally, Aristides Capital LLC boosted its position 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 in the last quarter.

NXG NextGen Infrastructure Income Fund Trading Down 1.7 %

NXG traded down $0.81 on Tuesday, hitting $47.25. 50,574 shares of the company were exchanged, compared to its average volume of 34,821. NXG NextGen Infrastructure Income Fund has a twelve month low of $34.83 and a twelve month high of $53.84. The firm has a 50-day moving average price of $48.29 and a two-hundred day moving average price of $45.97.

NXG NextGen Infrastructure Income Fund Dividend Announcement

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

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.