Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Short Interest Down 47.0% in December

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 62,848 shares, a drop of 47.0% from the November 30th total of 118,576 shares. Based on an average trading volume of 204,941 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 204,941 shares, the days-to-cover ratio is currently 0.3 days.

Neuberger Berman Next Generation Connectivity Fund Stock Up 0.7%

Neuberger Berman Next Generation Connectivity Fund stock traded up $0.10 during mid-day trading on Friday, reaching $14.57. 140,026 shares of the company traded hands, compared to its average volume of 203,458. 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 $14.67 and its 200 day moving average price is $14.72.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend is Monday, December 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Kingswood Wealth Advisors LLC grew its stake in Neuberger Berman Next Generation Connectivity Fund by 19.7% in the second quarter. Kingswood Wealth Advisors LLC now owns 45,434 shares of the company’s stock worth $663,000 after purchasing an additional 7,488 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 28.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 163,499 shares of the company’s stock valued at $2,387,000 after buying an additional 36,520 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 17.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 336,495 shares of the company’s stock valued at $4,936,000 after buying an additional 50,829 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 4.4% in the 1st quarter. Raymond James Financial Inc. now owns 751,302 shares of the company’s stock worth $9,203,000 after acquiring an additional 31,550 shares in the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new position in Neuberger Berman Next Generation Connectivity Fund during the 1st quarter valued at about $455,000.

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.