Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Short Interest Down 47.7% in August

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 22,148 shares, a drop of 47.7% from the August 15th total of 42,315 shares. Based on an average trading volume of 161,844 shares, the short-interest ratio is presently 0.1 days.

Neuberger Berman Next Generation Connectivity Fund Trading Down 2.4%

Shares of NYSE NBXG traded down $0.38 during midday trading on Tuesday, hitting $14.94. 189,614 shares of the stock traded hands, compared to its average volume of 216,585. Neuberger Berman Next Generation Connectivity Fund has a one year low of $12.32 and a one year high of $17.43. The business has a 50 day moving average price of $15.32 and a two-hundred day moving average price of $14.95.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Altium Capital Management LLC bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth about $2,453,000. Quantedge Capital Pte Ltd raised its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 81.1% in the 1st quarter. Quantedge Capital Pte Ltd now owns 193,662 shares of the company’s stock worth $2,492,000 after acquiring an additional 86,700 shares during the last quarter. Private Advisor Group LLC lifted its position in Neuberger Berman Next Generation Connectivity Fund by 69.0% in the 1st quarter. Private Advisor Group LLC now owns 171,475 shares of the company’s stock valued at $2,207,000 after acquiring an additional 69,984 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Neuberger Berman Next Generation Connectivity Fund by 94.2% during the 1st quarter. NewEdge Advisors LLC now owns 117,358 shares of the company’s stock valued at $1,510,000 after purchasing an additional 56,937 shares during the last quarter. Finally, Closed End Fund Advisors Inc. acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the 4th quarter valued at about $627,000.

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.