Short Interest in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Increases By 207.1%

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

Hedge Funds Weigh In On Neuberger Berman Next Generation Connectivity Fund

A number of institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. acquired a new stake in Neuberger Berman Next Generation Connectivity Fund during the first quarter worth approximately $57,000. Corrado Advisors LLC lifted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 4.9% during the 2nd quarter. Corrado Advisors LLC now owns 173,512 shares of the company’s stock worth $2,533,000 after purchasing an additional 8,065 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 49.2% during the second quarter. Flagship Harbor Advisors LLC now owns 47,382 shares of the company’s stock worth $692,000 after purchasing an additional 15,620 shares during the last quarter. Penserra Capital Management LLC grew its position in shares of Neuberger Berman Next Generation Connectivity Fund by 3.0% in the second quarter. Penserra Capital Management LLC now owns 372,970 shares of the company’s stock valued at $5,445,000 after purchasing an additional 11,020 shares during the period. Finally, Nemes Rush Group LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the second quarter valued at $33,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Neuberger Berman Next Generation Connectivity Fund stock traded down $0.09 during mid-day trading on Thursday, hitting $13.46. 135,664 shares of the company were exchanged, compared to its average volume of 253,589. Neuberger Berman Next Generation Connectivity Fund has a 12-month low of $10.05 and a 12-month high of $15.65. The business’s 50 day simple moving average is $14.14 and its two-hundred day simple moving average is $14.62.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date is Tuesday, February 17th.

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.