Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Short Interest Update

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 22,148 shares, a decline of 47.7% from the August 15th total of 42,315 shares. Based on an average daily volume of 161,844 shares, the days-to-cover ratio is presently 0.1 days.

Neuberger Berman Next Generation Connectivity Fund Trading Up 1.5%

Shares of NYSE:NBXG traded up $0.22 on Thursday, hitting $15.18. The company had a trading volume of 83,406 shares, compared to its average volume of 215,195. The firm’s 50-day simple moving average is $15.28 and its two-hundred day simple moving average is $14.97. Neuberger Berman Next Generation Connectivity Fund has a 1 year low of $12.32 and a 1 year high of $17.43.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 9.5%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NBXG. Altium Capital Management LLC bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter worth approximately $2,453,000. Quantedge Capital Pte Ltd raised its holdings in Neuberger Berman Next Generation Connectivity Fund by 81.1% in the 1st quarter. Quantedge Capital Pte Ltd now owns 193,662 shares of the company’s stock worth $2,492,000 after acquiring an additional 86,700 shares during the last quarter. Private Advisor Group LLC lifted its position in Neuberger Berman Next Generation Connectivity Fund by 69.0% in the 1st quarter. Private Advisor Group LLC now owns 171,475 shares of the company’s stock valued at $2,207,000 after acquiring an additional 69,984 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Neuberger Berman Next Generation Connectivity Fund by 94.2% during the 1st quarter. NewEdge Advisors LLC now owns 117,358 shares of the company’s stock valued at $1,510,000 after purchasing an additional 56,937 shares during the last quarter. Finally, Closed End Fund Advisors Inc. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter worth $627,000.

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.