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

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 62,848 shares, a decline of 47.0% from the November 30th total of 118,576 shares. Based on an average trading volume of 204,941 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 204,941 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nemes Rush Group LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the second quarter worth approximately $33,000. Geneos Wealth Management Inc. acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the 1st quarter worth $57,000. Ameritas Advisory Services LLC boosted its position in Neuberger Berman Next Generation Connectivity Fund by 527.5% in the 3rd quarter. Ameritas Advisory Services LLC now owns 7,530 shares of the company’s stock valued at $116,000 after buying an additional 6,330 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 2nd quarter valued at $153,000. Finally, Focus Financial Network Inc. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the third quarter worth $154,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NYSE NBXG opened at $14.57 on Friday. The stock’s 50 day simple moving average is $14.67 and its 200 day simple moving average is $14.72. Neuberger Berman Next Generation Connectivity Fund has a one year low of $10.05 and a one year high of $15.65.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

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