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

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 30,252 shares, a growth of 207.1% from the January 29th total of 9,852 shares. Based on an average daily volume of 345,051 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 345,051 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

Several hedge funds and other institutional investors have recently made changes to their positions in NBXG. Nemes Rush Group LLC acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 2nd quarter valued at approximately $33,000. Kestra Advisory Services LLC acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at about $47,000. Geneos Wealth Management Inc. purchased a new position in Neuberger Berman Next Generation Connectivity Fund during the 1st quarter valued at about $57,000. Global Retirement Partners LLC purchased a new position in Neuberger Berman Next Generation Connectivity Fund during the 4th quarter valued at about $62,000. Finally, Activest Wealth Management acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth about $108,000.

Neuberger Berman Next Generation Connectivity Fund Stock Down 0.7%

Neuberger Berman Next Generation Connectivity Fund stock traded down $0.09 during trading hours on Thursday, reaching $13.46. 135,664 shares of the stock were exchanged, compared to its average volume of 253,589. The firm’s 50 day moving average is $14.14 and its 200 day moving average is $14.62. Neuberger Berman Next Generation Connectivity Fund has a 52-week low of $10.05 and a 52-week 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, February 27th. Shareholders of record on Tuesday, February 17th will be given a $0.12 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 10.7%.

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.