Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Short Interest Up 183.3% in July

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 203,324 shares, a growth of 183.3% from the June 30th total of 71,770 shares. Based on an average daily trading volume, of 221,451 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund

Institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the first quarter worth approximately $57,000. Invesco Ltd. bought a new position in Neuberger Berman Next Generation Connectivity Fund in the second quarter valued at approximately $303,000. Raymond James Financial Inc. boosted its stake in Neuberger Berman Next Generation Connectivity Fund by 2.0% in the second quarter. Raymond James Financial Inc. now owns 766,255 shares of the company’s stock valued at $11,187,000 after acquiring an additional 14,953 shares during the last quarter. Bank of America Corp DE grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 71.9% during the 2nd 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. Finally, Captrust Financial Advisors acquired a new stake in Neuberger Berman Next Generation Connectivity Fund during the 2nd quarter worth $153,000.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Neuberger Berman Next Generation Connectivity Fund stock traded down $0.31 during mid-day trading on Tuesday, hitting $14.53. The stock had a trading volume of 231,733 shares, compared to its average volume of 229,603. The stock has a 50-day simple moving average of $16.01 and a two-hundred day simple moving average of $14.65. Neuberger Berman Next Generation Connectivity Fund has a 12 month low of $12.32 and a 12 month high of $17.43.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 9.9%.

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.