Short Interest in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Decreases By 93.5%

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 4,072 shares, a drop of 93.5% from the December 15th total of 62,848 shares. Based on an average daily trading volume, of 167,559 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 167,559 shares, the days-to-cover ratio is presently 0.0 days.

Neuberger Berman Next Generation Connectivity Fund Stock Up 0.2%

Neuberger Berman Next Generation Connectivity Fund stock traded up $0.03 during mid-day trading on Tuesday, reaching $14.88. 187,744 shares of the company traded hands, compared to its average volume of 209,278. Neuberger Berman Next Generation Connectivity Fund has a 52-week low of $10.05 and a 52-week high of $15.65. The firm’s 50 day moving average price is $14.58 and its 200 day moving average price is $14.79.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 9.7%.

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

Several large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. raised its position in shares of Neuberger Berman Next Generation Connectivity Fund by 0.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 176,315 shares of the company’s stock worth $2,574,000 after acquiring an additional 789 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 1.9% during the third quarter. Kingswood Wealth Advisors LLC now owns 46,290 shares of the company’s stock valued at $712,000 after purchasing an additional 856 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Neuberger Berman Next Generation Connectivity Fund by 6.1% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 23,096 shares of the company’s stock worth $355,000 after purchasing an additional 1,325 shares during the period. Noble Wealth Management PBC raised its holdings in Neuberger Berman Next Generation Connectivity Fund by 2.3% in the fourth quarter. Noble Wealth Management PBC now owns 60,686 shares of the company’s stock worth $876,000 after purchasing an additional 1,386 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its position in Neuberger Berman Next Generation Connectivity Fund by 1.1% during the third quarter. Cornerstone Wealth Management LLC now owns 129,777 shares of the company’s stock valued at $1,996,000 after buying an additional 1,419 shares during the period.

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.