NXG NextGen Infrastructure Income Fund (NYSE:NXG – Get Free Report) saw a large decrease in short interest in 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 short-interest ratio is presently 0.2 days.
NXG NextGen Infrastructure Income Fund Trading Down 1.0%
NYSE:NXG traded down $0.58 during mid-day trading on Friday, hitting $58.20. 60,406 shares of the company’s stock traded hands, compared to its average volume of 69,570. The company has a fifty day moving average of $55.96 and a 200 day moving average of $52.86. NXG NextGen Infrastructure Income Fund has a twelve month low of $45.05 and a twelve month high of $60.84.
Insider Transactions at NXG NextGen Infrastructure Income Fund
In other NXG NextGen Infrastructure Income Fund news, COO Todd Sunderland bought 2,000 shares of NXG NextGen Infrastructure Income Fund stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average cost of $52.66 per share, with a total value of $105,320.00. Following the transaction, the chief operating officer directly owned 2,409 shares of the company’s stock, valued at approximately $126,857.94. This represents a 489.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders bought 3,931 shares of company stock worth $215,607.
Institutional Inflows and Outflows
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.
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