NXG NextGen Infrastructure Income Fund (NYSE:NXG) Short Interest Up 347.3% in July

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the recipient of a significant 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 daily volume of 152,541 shares, the days-to-cover ratio is currently 0.3 days.

NXG NextGen Infrastructure Income Fund Stock Performance

NXG NextGen Infrastructure Income Fund stock opened at $58.24 on Tuesday. The firm’s 50-day moving average is $59.68 and its 200-day moving average is $55.90. NXG NextGen Infrastructure Income Fund has a 1 year low of $45.05 and a 1 year high of $65.78.

NXG NextGen Infrastructure Income Fund Announces Dividend

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

Insider Transactions at NXG NextGen Infrastructure Income Fund

In other NXG NextGen Infrastructure Income Fund news, COO Todd Sunderland acquired 802 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was purchased at an average price of $58.45 per share, with a total value of $46,876.90. Following the completion of the acquisition, the chief operating officer directly owned 3,211 shares in the company, valued at $187,682.95. This trade represents a 33.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders acquired 1,531 shares of company stock worth $89,487 in the last quarter.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

A number of large investors have recently bought and sold shares of NXG. CoreCap Advisors LLC lifted its holdings in shares of NXG NextGen Infrastructure Income Fund by 3.0% in the 4th quarter. CoreCap Advisors LLC now owns 45,925 shares of the company’s stock worth $2,319,000 after purchasing an additional 1,335 shares during the last quarter. Guggenheim Capital LLC boosted its position in NXG NextGen Infrastructure Income Fund by 4.9% during the 4th quarter. Guggenheim Capital LLC now owns 57,758 shares of the company’s stock valued at $2,917,000 after purchasing an additional 2,698 shares during the period. Landscape Capital Management L.L.C. bought a new position in NXG NextGen Infrastructure Income Fund during the 3rd quarter worth $1,697,000. Invesco Ltd. grew its stake in NXG NextGen Infrastructure Income Fund by 65.0% during the 4th quarter. Invesco Ltd. now owns 13,547 shares of the company’s stock worth $684,000 after buying an additional 5,339 shares during the last quarter. Finally, UBS Group AG increased its position in NXG NextGen Infrastructure Income Fund by 7.6% in 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 period.

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.