Short Interest in NXG NextGen Infrastructure Income Fund (NYSE:NXG) Grows By 347.3%

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 52,397 shares, a growth of 347.3% from the June 30th total of 11,714 shares. Based on an average trading volume of 152,541 shares, the days-to-cover ratio is presently 0.3 days.

NXG NextGen Infrastructure Income Fund Trading Down 3.0%

NXG stock traded down $1.79 during trading on Monday, reaching $58.16. The stock had a trading volume of 70,718 shares, compared to its average volume of 81,773. NXG NextGen Infrastructure Income Fund has a one year low of $45.05 and a one year high of $65.78. The company’s 50 day moving average is $59.66 and its two-hundred day moving average is $55.85.

NXG NextGen Infrastructure Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a dividend of $0.60 per share. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date is Monday, August 17th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio (DPR) is -2,775.00%.

Insider Activity

In other news, COO Todd Sunderland bought 802 shares of NXG NextGen Infrastructure Income Fund stock in a transaction dated Thursday, May 7th. The stock was purchased at an average price of $58.45 per share, for a total transaction of $46,876.90. Following the purchase, the chief operating officer directly owned 3,211 shares in the company, valued at $187,682.95. The trade was a 33.29% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have acquired 1,531 shares of company stock valued at $89,487.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NXG. Stratos Wealth Advisors LLC increased its position in shares of NXG NextGen Infrastructure Income Fund by 2.7% during the 4th quarter. Stratos Wealth Advisors LLC now owns 7,499 shares of the company’s stock valued at $379,000 after purchasing an additional 200 shares during the last quarter. Ausdal Financial Partners Inc. boosted its holdings in shares of NXG NextGen Infrastructure Income Fund by 1.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 25,573 shares of the company’s stock worth $1,286,000 after buying an additional 482 shares during the last quarter. LPL Financial LLC grew its position in 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 valued at $995,000 after buying an additional 759 shares during the period. Flagship Harbor Advisors LLC bought a new position in NXG NextGen Infrastructure Income Fund during the fourth quarter valued at about $39,000. Finally, UBS Group AG increased its holdings in 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 buying an additional 889 shares during the last quarter.

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.