Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Sees Large Drop in Short Interest

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 62,848 shares, a decline of 47.0% from the November 30th total of 118,576 shares. Based on an average trading volume of 204,941 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 204,941 shares, the short-interest ratio is presently 0.3 days.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NYSE:NBXG opened at $14.57 on Friday. Neuberger Berman Next Generation Connectivity Fund has a 12-month low of $10.05 and a 12-month high of $15.65. The stock’s fifty day simple moving average is $14.67 and its 200-day simple moving average is $14.72.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date is Monday, December 15th.

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. boosted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 4.4% during the first quarter. Raymond James Financial Inc. now owns 751,302 shares of the company’s stock worth $9,203,000 after purchasing an additional 31,550 shares in the last quarter. Ieq Capital LLC lifted its holdings in Neuberger Berman Next Generation Connectivity Fund by 5,938.2% during the first quarter. Ieq Capital LLC now owns 685,275 shares of the company’s stock worth $8,395,000 after acquiring an additional 673,926 shares in the last quarter. Concorde Asset Management LLC grew its stake in Neuberger Berman Next Generation Connectivity Fund by 8.7% in the first quarter. Concorde Asset Management LLC now owns 51,720 shares of the company’s stock valued at $621,000 after acquiring an additional 4,120 shares during the period. Polar Asset Management Partners Inc. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the first quarter worth about $455,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the first quarter worth about $57,000.

Neuberger Berman Next Generation Connectivity Fund Company Profile

The Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) is an actively managed, closed-end fund dedicated to investing in companies driving the evolution of global connectivity infrastructure. Launched in February 2024 by Neuberger Berman, NBXG seeks total return by building a diversified portfolio of equity and equity-related securities in firms involved in 5G networks, fiber-optic systems, satellite communications, data centers, cloud computing, and other emerging technologies that support faster and more reliable digital connections.

Under its investment strategy, NBXG allocates capital across hardware and software providers, telecommunications carriers, semiconductor manufacturers, and equipment suppliers that benefit from the rollout and expansion of next-generation networks.