NXG NextGen Infrastructure Income Fund (NYSE:NXG) Short Interest Down 95.0% in May

NXG NextGen Infrastructure Income Fund (NYSE:NXG) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 23,684 shares, a drop of 95.0% from the April 30th total of 476,437 shares. Based on an average daily trading volume, of 145,040 shares, the short-interest ratio is presently 0.2 days.

Insider Buying and Selling at NXG NextGen Infrastructure Income Fund

In other NXG NextGen Infrastructure Income Fund news, COO Todd Sunderland acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average cost of $52.66 per share, with a total value of $105,320.00. Following the purchase, the chief operating officer directly owned 2,409 shares in the company, valued at approximately $126,857.94. This trade represents a 489.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders have purchased 3,931 shares of company stock worth $215,607.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Aristides Capital LLC purchased a new position in shares of NXG NextGen Infrastructure Income Fund during the 1st quarter worth approximately $231,000. Fifth Third Bancorp purchased a new stake in NXG NextGen Infrastructure Income Fund in the 1st quarter worth approximately $5,066,000. Integrity Wealth Partners LLC purchased a new stake in NXG NextGen Infrastructure Income Fund in the 1st quarter worth approximately $579,000. Janney Montgomery Scott LLC grew its stake in NXG NextGen Infrastructure Income Fund by 1.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 70,070 shares of the company’s stock worth $3,849,000 after acquiring an additional 1,167 shares during the period. Finally, Compound Planning Inc. purchased a new stake in NXG NextGen Infrastructure Income Fund in the 4th quarter worth approximately $332,000.

NXG NextGen Infrastructure Income Fund Trading Up 0.1%

Shares of NXG traded up $0.05 during mid-day trading on Wednesday, reaching $58.53. 55,823 shares of the company’s stock were exchanged, compared to its average volume of 69,411. The company has a 50-day simple moving average of $55.85 and a two-hundred day simple moving average of $52.76. NXG NextGen Infrastructure Income Fund has a 52-week low of $45.05 and a 52-week high of $60.84.

NXG NextGen Infrastructure Income Fund Company Profile

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.