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

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 10,188 shares, a decline of 66.3% from the February 12th total of 30,252 shares. Based on an average daily volume of 249,905 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 249,905 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund

Several large investors have recently added to or reduced their stakes in the business. City of London Investment Management Co. Ltd. lifted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 297.5% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 836,518 shares of the company’s stock valued at $12,866,000 after acquiring an additional 626,077 shares during the period. Morgan Stanley grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 10.2% in the fourth quarter. Morgan Stanley now owns 6,265,820 shares of the company’s stock worth $90,478,000 after purchasing an additional 577,847 shares during the period. Bank of America Corp DE increased its stake in Neuberger Berman Next Generation Connectivity Fund by 71.9% in the second quarter. Bank of America Corp DE now owns 946,968 shares of the company’s stock valued at $13,826,000 after purchasing an additional 395,994 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at $3,456,000. Finally, Altium Capital Management LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter valued at about $2,453,000.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NYSE NBXG traded down $0.14 during mid-day trading on Friday, reaching $12.87. 190,332 shares of the stock were exchanged, compared to its average volume of 248,507. Neuberger Berman Next Generation Connectivity Fund has a one year low of $10.05 and a one year high of $15.65. The stock has a 50 day simple moving average of $13.89 and a 200-day simple moving average of $14.52.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 11.2%.

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.