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

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 22,148 shares, a drop of 47.7% from the August 15th total of 42,315 shares. Based on an average daily volume of 161,844 shares, the short-interest ratio is currently 0.1 days.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NYSE:NBXG traded up $0.02 on Wednesday, hitting $14.94. 110,702 shares of the company were exchanged, compared to its average volume of 215,987. The company’s 50 day moving average price is $15.28 and its two-hundred day moving average price is $14.97. Neuberger Berman Next Generation Connectivity Fund has a one year low of $12.32 and a one year 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. Investors of record on Tuesday, September 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 9.6%.

Hedge Funds Weigh In On Neuberger Berman Next Generation Connectivity Fund

Several large investors have recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC grew its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 13.6% during the 4th 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 in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 12.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 230,879 shares of the company’s stock valued at $2,971,000 after purchasing an additional 25,590 shares in the last quarter. Altium Capital Management LLC raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 20.4% in the first quarter. Altium Capital Management LLC now owns 204,562 shares of the company’s stock valued at $2,633,000 after purchasing an additional 34,689 shares in the last quarter. Quantedge Capital Pte Ltd lifted its position in Neuberger Berman Next Generation Connectivity Fund by 81.1% in the first quarter. Quantedge Capital Pte Ltd now owns 193,662 shares of the company’s stock worth $2,492,000 after purchasing an additional 86,700 shares during the period. Finally, Private Advisor Group LLC lifted its position in Neuberger Berman Next Generation Connectivity Fund by 69.0% in the first quarter. Private Advisor Group LLC now owns 171,475 shares of the company’s stock worth $2,207,000 after purchasing an additional 69,984 shares during the period.

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.