Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Short Interest Up 94.8% in June

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 71,770 shares, a growth of 94.8% from the June 15th total of 36,834 shares. Based on an average daily trading volume, of 280,404 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Neuberger Berman Next Generation Connectivity Fund

Several institutional investors and hedge funds have recently bought and sold shares of NBXG. Morgan Stanley raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 10.2% in 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. Bank of America Corp DE grew its stake in shares of 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. Wolverine Asset Management LLC purchased a new stake in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter worth about $3,456,000. Altium Capital Management LLC purchased a new stake in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter worth about $2,453,000. Finally, Evolve Private Wealth LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at about $1,597,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NBXG stock traded down $0.47 during mid-day trading on Thursday, hitting $15.25. The company had a trading volume of 359,188 shares, compared to its average volume of 225,981. Neuberger Berman Next Generation Connectivity Fund has a 12 month low of $12.32 and a 12 month high of $17.43. The stock’s fifty day moving average price is $16.05 and its two-hundred day moving average price is $14.62.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend is Wednesday, July 15th.

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.