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

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 27,900 shares, a growth of 19.7% from the February 13th total of 23,300 shares. Based on an average trading volume of 39,800 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NXG. Comerica Bank raised its stake in shares of 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 purchasing an additional 89,342 shares during the period. Stifel Financial Corp lifted 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 valued at $1,267,000 after acquiring an additional 13,765 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of NXG NextGen Infrastructure Income Fund by 148.7% in the fourth 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. acquired a new position in NXG NextGen Infrastructure Income Fund during the fourth quarter worth $1,599,000. Finally, Aristides Capital LLC grew its position in NXG NextGen Infrastructure Income Fund by 12.1% in the fourth quarter. Aristides Capital LLC now owns 41,572 shares of the company’s stock valued at $1,904,000 after purchasing an additional 4,490 shares in the last quarter.

NXG NextGen Infrastructure Income Fund Price Performance

NXG stock traded down $0.04 during midday trading on Thursday, reaching $47.52. The stock had a trading volume of 11,746 shares, compared to its average volume of 39,189. The business has a fifty day simple moving average of $48.32 and a two-hundred day simple moving average of $45.98. NXG NextGen Infrastructure Income Fund has a twelve month low of $34.83 and a twelve month high of $53.84.

NXG NextGen Infrastructure Income Fund Dividend Announcement

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