NXG NextGen Infrastructure Income Fund (NYSE:NXG) Short Interest Up 19.7% in February

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 27,900 shares, an increase of 19.7% from the February 13th total of 23,300 shares. Based on an average daily trading volume, of 39,800 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of NXG NextGen Infrastructure Income Fund

A number of hedge funds have recently modified their holdings of the business. Comerica Bank boosted its stake 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 worth $4,097,000 after purchasing an additional 89,342 shares in the last quarter. Stifel Financial Corp boosted its stake in NXG NextGen Infrastructure Income Fund by 99.0% in the 4th quarter. Stifel Financial Corp now owns 27,665 shares of the company’s stock worth $1,267,000 after purchasing an additional 13,765 shares in the last quarter. Guggenheim Capital LLC boosted its stake in NXG NextGen Infrastructure Income Fund by 148.7% in the 4th quarter. Guggenheim Capital LLC now owns 21,649 shares of the company’s stock worth $991,000 after purchasing an additional 12,943 shares in the last quarter. Raymond James Financial Inc. bought a new position in NXG NextGen Infrastructure Income Fund in the 4th quarter worth about $1,599,000. Finally, Aristides Capital LLC boosted its stake in NXG NextGen Infrastructure Income Fund by 12.1% in the 4th quarter. Aristides Capital LLC now owns 41,572 shares of the company’s stock worth $1,904,000 after purchasing an additional 4,490 shares in the last quarter.

NXG NextGen Infrastructure Income Fund Stock Performance

Shares of NXG stock traded up $0.09 during mid-day trading on Wednesday, reaching $47.38. 48,717 shares of the company’s stock traded hands, compared to its average volume of 34,943. NXG NextGen Infrastructure Income Fund has a 12 month low of $34.83 and a 12 month high of $53.84. The company’s 50-day moving average price is $48.29 and its 200-day moving average price is $45.97.

NXG NextGen Infrastructure Income Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.54 per share. This represents a dividend yield of 13.02%. The ex-dividend date of this dividend was Tuesday, February 18th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio (DPR) 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.