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

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 36,868 shares, a growth of 805.4% from the December 31st total of 4,072 shares. Based on an average daily volume of 225,396 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 225,396 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Neuberger Berman Next Generation Connectivity Fund

Several large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 1st quarter worth about $57,000. Kingswood Wealth Advisors LLC boosted its stake in Neuberger Berman Next Generation Connectivity Fund by 19.7% during the second quarter. Kingswood Wealth Advisors LLC now owns 45,434 shares of the company’s stock worth $663,000 after buying an additional 7,488 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Neuberger Berman Next Generation Connectivity Fund by 28.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 163,499 shares of the company’s stock worth $2,387,000 after buying an additional 36,520 shares during the period. Corrado Advisors LLC increased its position in shares of Neuberger Berman Next Generation Connectivity Fund by 4.9% during the second quarter. Corrado Advisors LLC now owns 173,512 shares of the company’s stock valued at $2,533,000 after acquiring an additional 8,065 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 49.2% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 47,382 shares of the company’s stock valued at $692,000 after acquiring an additional 15,620 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of Neuberger Berman Next Generation Connectivity Fund stock traded up $0.03 during mid-day trading on Wednesday, hitting $14.45. The stock had a trading volume of 181,432 shares, compared to its average volume of 211,113. The firm has a 50-day moving average of $14.50 and a two-hundred day moving average of $14.78. Neuberger Berman Next Generation Connectivity Fund has a 12-month low of $10.05 and a 12-month high of $15.65.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a $0.12 dividend. This represents a c) annualized dividend and a yield of 10.0%. The ex-dividend date is Thursday, January 15th.

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.