NXG NextGen Infrastructure Income Fund (NYSE:NXG) Sees Significant Growth in Short Interest

NXG NextGen Infrastructure Income Fund (NYSE:NXG) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 52,397 shares, a growth of 347.3% from the June 30th total of 11,714 shares. Based on an average daily volume of 152,541 shares, the short-interest ratio is currently 0.3 days.

NXG NextGen Infrastructure Income Fund Stock Down 1.2%

Shares of NXG opened at $59.93 on Friday. The company’s 50 day moving average price is $59.66 and its 200 day moving average price is $55.82. NXG NextGen Infrastructure Income Fund has a 52 week low of $45.05 and a 52 week high of $65.78.

NXG NextGen Infrastructure Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. NXG NextGen Infrastructure Income Fund’s dividend payout ratio (DPR) is -2,775.00%.

Insider Buying and Selling at NXG NextGen Infrastructure Income Fund

In related news, COO Todd Sunderland purchased 802 shares of NXG NextGen Infrastructure Income Fund stock in a transaction dated Thursday, May 7th. The stock was acquired at an average cost of $58.45 per share, with a total value of $46,876.90. Following the completion of the transaction, the chief operating officer directly owned 3,211 shares of the company’s stock, valued at $187,682.95. This trade represents a 33.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders bought 1,531 shares of company stock valued at $89,487.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in NXG NextGen Infrastructure Income Fund by 8.9% during the fourth quarter. Royal Bank of Canada now owns 17,170 shares of the company’s stock valued at $867,000 after purchasing an additional 1,408 shares during the last quarter. Invesco Ltd. grew its stake in NXG NextGen Infrastructure Income Fund by 65.0% in the fourth quarter. Invesco Ltd. now owns 13,547 shares of the company’s stock valued at $684,000 after purchasing an additional 5,339 shares in the last quarter. UBS Group AG increased its position in NXG NextGen Infrastructure Income Fund by 7.6% in the 3rd quarter. UBS Group AG now owns 12,529 shares of the company’s stock worth $611,000 after purchasing an additional 889 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in NXG NextGen Infrastructure Income Fund in the 4th quarter worth about $50,000. Finally, CoreCap Advisors LLC raised its stake in shares of NXG NextGen Infrastructure Income Fund by 10.7% during the 2nd quarter. CoreCap Advisors LLC now owns 58,510 shares of the company’s stock worth $3,786,000 after purchasing an additional 5,670 shares in the last quarter.

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.