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

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 203,324 shares, an increase of 183.3% from the June 30th total of 71,770 shares. Based on an average trading volume of 221,451 shares, the short-interest ratio is presently 0.9 days.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NBXG opened at $14.53 on Wednesday. The firm has a 50-day simple moving average of $16.00 and a two-hundred day simple moving average of $14.64. Neuberger Berman Next Generation Connectivity Fund has a 52 week low of $12.32 and a 52 week high of $17.43.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 9.9%.

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

Several hedge funds have recently modified their holdings of NBXG. Kestra Advisory Services LLC bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter valued at approximately $47,000. Geneos Wealth Management Inc. bought a new stake in Neuberger Berman Next Generation Connectivity Fund in the first quarter worth $57,000. Global Retirement Partners LLC purchased a new stake in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter valued at $62,000. Rockefeller Capital Management L.P. raised its stake 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 valued at $62,000 after purchasing an additional 837 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in Neuberger Berman Next Generation Connectivity Fund during the first quarter valued at $63,000.

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.