Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Short Interest Down 73.3% in January

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 9,852 shares, a decrease of 73.3% from the January 15th total of 36,868 shares. Based on an average daily volume of 206,022 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 206,022 shares, the days-to-cover ratio is currently 0.0 days.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NBXG traded up $0.24 during trading on Friday, reaching $13.39. 404,486 shares of the company were exchanged, compared to its average volume of 258,763. Neuberger Berman Next Generation Connectivity Fund has a 52 week low of $10.05 and a 52 week high of $15.65. The firm has a 50 day moving average of $14.35 and a 200 day moving average of $14.71.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend is Tuesday, February 17th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nemes Rush Group LLC acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the second quarter valued at approximately $33,000. Kestra Advisory Services LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth approximately $47,000. Geneos Wealth Management Inc. bought a new position in Neuberger Berman Next Generation Connectivity Fund in the 1st quarter worth approximately $57,000. Global Retirement Partners LLC acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at approximately $62,000. Finally, Activest Wealth Management bought a new stake in Neuberger Berman Next Generation Connectivity Fund during the 4th quarter valued at $108,000.

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.