Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Short Interest Up 94.8% in June

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 71,770 shares, a growth of 94.8% from the June 15th total of 36,834 shares. Based on an average daily trading volume, of 280,404 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in NBXG. Kestra Advisory Services LLC bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at about $47,000. Geneos Wealth Management Inc. bought a new position in Neuberger Berman Next Generation Connectivity Fund in the first quarter valued at approximately $57,000. Global Retirement Partners LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth approximately $62,000. Rockefeller Capital Management L.P. raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 24.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,266 shares of the company’s stock worth $62,000 after purchasing an additional 837 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 1st quarter worth approximately $63,000.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Shares of Neuberger Berman Next Generation Connectivity Fund stock opened at $14.87 on Friday. Neuberger Berman Next Generation Connectivity Fund has a 52-week low of $12.32 and a 52-week high of $17.43. The business’s 50 day simple moving average is $16.05 and its 200 day simple moving average is $14.62.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 9.7%.

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.