NXG NextGen Infrastructure Income Fund (NYSE:NXG) Short Interest Up 134.1% in March

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 65,300 shares, an increase of 134.1% from the February 28th total of 27,900 shares. Based on an average trading volume of 38,400 shares, the short-interest ratio is presently 1.7 days.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

Several institutional investors and hedge funds have recently modified their holdings of NXG. Comerica Bank raised its holdings in NXG NextGen Infrastructure Income Fund by 72,635.8% in the 4th quarter. Comerica Bank now owns 89,465 shares of the company’s stock valued at $4,097,000 after acquiring an additional 89,342 shares during the last quarter. Aristides Capital LLC increased its stake in shares of NXG NextGen Infrastructure Income Fund by 12.1% during the 4th quarter. Aristides Capital LLC now owns 41,572 shares of the company’s stock valued at $1,904,000 after acquiring an additional 4,490 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of NXG NextGen Infrastructure Income Fund during the 4th quarter valued at about $1,599,000. Stifel Financial Corp lifted its holdings in shares of NXG NextGen Infrastructure Income Fund by 99.0% during the 4th quarter. Stifel Financial Corp now owns 27,665 shares of the company’s stock worth $1,267,000 after acquiring an additional 13,765 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its position in shares of NXG NextGen Infrastructure Income Fund by 57.0% in the fourth quarter. J.W. Cole Advisors Inc. now owns 25,230 shares of the company’s stock worth $1,155,000 after acquiring an additional 9,158 shares during the last quarter.

NXG NextGen Infrastructure Income Fund Trading Down 1.4 %

NXG stock traded down $0.69 during trading on Friday, hitting $47.23. The stock had a trading volume of 54,624 shares, compared to its average volume of 35,404. The company’s 50 day moving average price is $48.24 and its two-hundred day moving average price is $46.35. NXG NextGen Infrastructure Income Fund has a 1-year low of $34.83 and a 1-year high of $53.84.

NXG NextGen Infrastructure Income Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were given a $0.54 dividend. This represents a dividend yield of 13.02%. The ex-dividend date was Tuesday, February 18th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio is presently -2,700.00%.

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.