Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Short Interest Update

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 54,059 shares, a drop of 73.4% from the July 15th total of 203,324 shares. Based on an average daily volume of 290,647 shares, the short-interest ratio is presently 0.2 days.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NBXG stock traded up $0.14 on Thursday, hitting $15.73. The company had a trading volume of 63,008 shares, compared to its average volume of 226,293. Neuberger Berman Next Generation Connectivity Fund has a twelve month low of $12.32 and a twelve month high of $17.43. The company has a 50-day moving average price of $15.74 and a 200-day moving average price of $14.68.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 9.2%.

Hedge Funds Weigh In On Neuberger Berman Next Generation Connectivity Fund

Institutional investors have recently made changes to their positions in the company. Morgan Stanley grew its position in Neuberger Berman Next Generation Connectivity Fund by 10.2% during the fourth quarter. Morgan Stanley now owns 6,265,820 shares of the company’s stock valued at $90,478,000 after buying an additional 577,847 shares during the period. Bulldog Investors LLP raised its position in shares of Neuberger Berman Next Generation Connectivity Fund by 2.7% in the fourth quarter. Bulldog Investors LLP now owns 1,168,126 shares of the company’s stock worth $16,868,000 after acquiring an additional 31,140 shares during the period. Bank of America Corp DE raised its position in shares of Neuberger Berman Next Generation Connectivity Fund by 71.9% in the second quarter. Bank of America Corp DE now owns 946,968 shares of the company’s stock worth $13,826,000 after acquiring an additional 395,994 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 2.0% during the 2nd quarter. Raymond James Financial Inc. now owns 766,255 shares of the company’s stock worth $11,187,000 after acquiring an additional 14,953 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 17.8% during the 4th quarter. Royal Bank of Canada now owns 498,252 shares of the company’s stock worth $7,193,000 after acquiring an additional 75,175 shares in the last quarter.

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.