Short Interest in NXG NextGen Infrastructure Income Fund (NYSE:NXG) Rises By 43.6%

NXG NextGen Infrastructure Income Fund (NYSE:NXG) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 7,900 shares, a growth of 43.6% from the September 30th total of 5,500 shares. Based on an average daily volume of 50,600 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 50,600 shares, the short-interest ratio is currently 0.2 days.

NXG NextGen Infrastructure Income Fund Stock Performance

NYSE NXG opened at $50.07 on Monday. The firm’s fifty day moving average is $48.42 and its two-hundred day moving average is $47.86. NXG NextGen Infrastructure Income Fund has a one year low of $35.22 and a one year high of $53.84.

NXG NextGen Infrastructure Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a c) annualized dividend and a yield of 12.9%. NXG NextGen Infrastructure Income Fund’s dividend payout ratio is currently -2,700.00%.

Institutional Trading of NXG NextGen Infrastructure Income Fund

Hedge funds have recently added to or reduced their stakes in the stock. Elequin Capital LP purchased a new position in shares of NXG NextGen Infrastructure Income Fund in the 1st quarter valued at approximately $51,000. US Bancorp DE purchased a new stake in shares of NXG NextGen Infrastructure Income Fund during the first quarter worth approximately $66,000. Invesco Ltd. acquired a new stake in shares of NXG NextGen Infrastructure Income Fund during the first quarter worth $225,000. Wolverine Asset Management LLC acquired a new stake in shares of NXG NextGen Infrastructure Income Fund during the third quarter worth $240,000. Finally, Stratos Wealth Advisors LLC purchased a new position in NXG NextGen Infrastructure Income Fund in the 1st quarter valued at $268,000.

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.