Short Interest in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Drops By 47.7%

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) saw a significant decline in short interest during 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 trading volume, of 161,844 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 13.6% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 360,641 shares of the company’s stock worth $5,208,000 after purchasing an additional 43,271 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Neuberger Berman Next Generation Connectivity Fund by 12.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 230,879 shares of the company’s stock valued at $2,971,000 after buying an additional 25,590 shares during the last quarter. Altium Capital Management LLC increased its stake in Neuberger Berman Next Generation Connectivity Fund by 20.4% in the 1st quarter. Altium Capital Management LLC now owns 204,562 shares of the company’s stock valued at $2,633,000 after buying an additional 34,689 shares during the last quarter. Quantedge Capital Pte Ltd lifted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 81.1% during the 1st quarter. Quantedge Capital Pte Ltd now owns 193,662 shares of the company’s stock worth $2,492,000 after buying an additional 86,700 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 69.0% during the 1st quarter. Private Advisor Group LLC now owns 171,475 shares of the company’s stock worth $2,207,000 after buying an additional 69,984 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Trading Down 2.4%

Neuberger Berman Next Generation Connectivity Fund stock traded down $0.38 during trading on Tuesday, hitting $14.94. 189,614 shares of the company were exchanged, compared to its average volume of 216,585. The business’s 50 day moving average is $15.32 and its 200 day moving average is $14.95. 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 announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 9.6%.

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.