Short Interest in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Declines By 73.3%

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the recipient of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 9,852 shares, a decline of 73.3% from the January 15th total of 36,868 shares. Based on an average trading volume of 206,022 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 206,022 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Closed End Fund Advisors Inc. purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter valued at about $627,000. Blue Bell Private Wealth Management LLC grew its position in Neuberger Berman Next Generation Connectivity Fund by 13.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 360,641 shares of the company’s stock valued at $5,208,000 after acquiring an additional 43,271 shares in the last quarter. Accredited Investor Services LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter valued at approximately $169,000. Global Retirement Partners LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter valued at approximately $62,000. Finally, Altium Capital Management LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth $2,453,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of Neuberger Berman Next Generation Connectivity Fund stock traded down $0.09 during trading hours on Wednesday, reaching $13.47. The stock had a trading volume of 122,698 shares, compared to its average volume of 246,293. The firm has a 50 day simple moving average of $14.41 and a two-hundred day simple moving average of $14.73. Neuberger Berman Next Generation Connectivity Fund has a 1 year low of $10.05 and a 1 year high of $15.65.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 10.7%.

About Neuberger Berman Next Generation Connectivity Fund

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.