Short Interest in NXG NextGen Infrastructure Income Fund (NYSE:NXG) Decreases By 95.0%

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 23,684 shares, a decrease of 95.0% from the April 30th total of 476,437 shares. Based on an average daily trading volume, of 145,040 shares, the days-to-cover ratio is currently 0.2 days.

Insiders Place Their Bets

In related news, COO Todd Sunderland bought 2,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were purchased at an average price of $52.66 per share, with a total value of $105,320.00. Following the completion of the purchase, the chief operating officer owned 2,409 shares of the company’s stock, valued at $126,857.94. This represents a 489.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders bought a total of 3,931 shares of company stock valued at $215,607 over the last quarter.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Stratos Wealth Advisors LLC lifted its stake 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 valued at $379,000 after buying an additional 200 shares during the period. Ausdal Financial Partners Inc. raised its position in shares of NXG NextGen Infrastructure Income Fund by 1.9% during the second 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 period. LPL Financial LLC raised its position in shares of NXG NextGen Infrastructure Income Fund by 4.0% during the fourth 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 acquired a new stake in shares of NXG NextGen Infrastructure Income Fund during the fourth quarter worth about $39,000. Finally, UBS Group AG raised its position in shares of NXG NextGen Infrastructure Income Fund by 7.6% during the third quarter. UBS Group AG now owns 12,529 shares of the company’s stock worth $611,000 after purchasing an additional 889 shares during the period.

NXG NextGen Infrastructure Income Fund Trading Up 0.9%

NYSE:NXG traded up $0.55 during mid-day trading on Thursday, hitting $58.97. The company had a trading volume of 67,980 shares, compared to its average volume of 69,287. NXG NextGen Infrastructure Income Fund has a fifty-two week low of $45.05 and a fifty-two week high of $60.84. The business’s fifty day moving average is $55.85 and its two-hundred day moving average is $52.76.

NXG NextGen Infrastructure Income Fund Company Profile

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.