Short Interest in NXG NextGen Infrastructure Income Fund (NYSE:NXG) Declines By 14.4%

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 15,400 shares, a drop of 14.4% from the December 31st total of 18,000 shares. Based on an average trading volume of 35,400 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On NXG NextGen Infrastructure Income Fund

Institutional investors have recently modified their holdings of the stock. J.W. Cole Advisors Inc. raised its holdings in NXG NextGen Infrastructure Income Fund by 57.0% in the 4th 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 period. Janney Montgomery Scott LLC raised its holdings in NXG NextGen Infrastructure Income Fund by 157.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 25,090 shares of the company’s stock worth $1,149,000 after acquiring an additional 15,340 shares during the period. Private Advisor Group LLC raised its holdings in NXG NextGen Infrastructure Income Fund by 65.3% in the 4th quarter. Private Advisor Group LLC now owns 13,017 shares of the company’s stock worth $596,000 after acquiring an additional 5,142 shares during the period. Valeo Financial Advisors LLC raised its holdings in NXG NextGen Infrastructure Income Fund by 39.8% in the 4th quarter. Valeo Financial Advisors LLC now owns 9,842 shares of the company’s stock worth $451,000 after acquiring an additional 2,801 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new position in NXG NextGen Infrastructure Income Fund in the 3rd quarter worth $202,000.

NXG NextGen Infrastructure Income Fund Price Performance

Shares of NYSE NXG traded up $0.86 during mid-day trading on Monday, reaching $49.13. 33,137 shares of the company traded hands, compared to its average volume of 35,868. NXG NextGen Infrastructure Income Fund has a fifty-two week low of $34.31 and a fifty-two week high of $53.84. The stock has a fifty day simple moving average of $47.49 and a 200-day simple moving average of $43.91.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a $0.54 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 13.19%. The ex-dividend date was Thursday, January 16th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio is -2,700.00%.

NXG NextGen Infrastructure Income Fund Company Profile

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.