Short Interest in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Drops By 73.4%

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 54,059 shares, a decrease of 73.4% from the July 15th total of 203,324 shares. Based on an average daily volume of 290,647 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund

Institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. lifted its position in Neuberger Berman Next Generation Connectivity Fund by 24.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,266 shares of the company’s stock worth $62,000 after buying an additional 837 shares in the last quarter. Evolve Private Wealth LLC grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 1.2% in the 1st quarter. Evolve Private Wealth LLC now owns 111,907 shares of the company’s stock valued at $1,440,000 after buying an additional 1,282 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 5.8% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 28,080 shares of the company’s stock valued at $464,000 after buying an additional 1,544 shares in the last quarter. Compound Planning Inc. increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 5.3% in the 4th quarter. Compound Planning Inc. now owns 44,386 shares of the company’s stock worth $641,000 after acquiring an additional 2,230 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 13.0% in the 4th quarter. Advisory Services Network LLC now owns 19,799 shares of the company’s stock worth $286,000 after acquiring an additional 2,285 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Up 0.9%

NBXG traded up $0.14 during trading on Thursday, hitting $15.73. The company’s stock had a trading volume of 63,008 shares, compared to its average volume of 226,293. Neuberger Berman Next Generation Connectivity Fund has a twelve month low of $12.32 and a twelve month high of $17.43. The business’s fifty day simple moving average is $15.74 and its 200 day simple moving average is $14.68.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%.

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.