NXG NextGen Infrastructure Income Fund (NYSE:NXG) Short Interest Up 49.1% in December

NXG NextGen Infrastructure Income Fund (NYSE:NXG) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 29,810 shares, a growth of 49.1% from the November 30th total of 19,987 shares. Based on an average daily volume of 53,518 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 53,518 shares, the short-interest ratio is currently 0.6 days.

Insider Activity at NXG NextGen Infrastructure Income Fund

In other news, Director John Alban bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were acquired at an average cost of $50.38 per share, with a total value of $50,380.00. Following the completion of the transaction, the director directly owned 1,000 shares in the company, valued at $50,380. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On NXG NextGen Infrastructure Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ausdal Financial Partners Inc. lifted its holdings in NXG NextGen Infrastructure Income Fund by 8.4% during the third quarter. Ausdal Financial Partners Inc. now owns 27,714 shares of the company’s stock worth $1,351,000 after acquiring an additional 2,141 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of NXG NextGen Infrastructure Income Fund during the 3rd quarter worth approximately $1,697,000. UBS Group AG boosted its holdings in shares of NXG NextGen Infrastructure Income Fund by 7.6% in the 3rd quarter. UBS Group AG now owns 12,529 shares of the company’s stock valued at $611,000 after buying an additional 889 shares during the last quarter. Cornerstone Advisors LLC acquired a new position in shares of NXG NextGen Infrastructure Income Fund during the 3rd quarter worth about $3,919,000. Finally, Keener Financial Planning LLC acquired a new stake in NXG NextGen Infrastructure Income Fund in the 3rd quarter valued at about $146,000.

NXG NextGen Infrastructure Income Fund Stock Up 0.3%

Shares of NXG traded up $0.15 during trading hours on Tuesday, hitting $50.94. The stock had a trading volume of 44,565 shares, compared to its average volume of 44,783. The company’s fifty day moving average is $49.48 and its two-hundred day moving average is $48.83. NXG NextGen Infrastructure Income Fund has a 52 week low of $35.22 and a 52 week high of $53.38.

NXG NextGen Infrastructure Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a $0.54 dividend. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date is Friday, January 16th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio (DPR) is presently -2,700.00%.

About NXG NextGen Infrastructure Income Fund

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.