Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Stock Short Interest Rises 77.1%

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 39,231 shares, a growth of 77.1% from the August 31st total of 22,148 shares. Based on an average trading volume of 118,948 shares, the short-interest ratio is currently 0.3 days.

Neuberger Berman Next Generation Connectivity Fund Stock Up 1.6%

Shares of NBXG traded up $0.25 during trading hours on Tuesday, hitting $15.58. 109,274 shares of the stock were exchanged, compared to its average volume of 211,075. The stock’s 50-day moving average price is $15.26 and its two-hundred day moving average price is $15.09. 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 Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.2%.

Hedge Funds Weigh In On Neuberger Berman Next Generation Connectivity Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the second quarter worth about $33,000. Rockefeller Capital Management L.P. raised its holdings in Neuberger Berman Next Generation Connectivity Fund by 24.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,266 shares of the company’s stock valued at $62,000 after acquiring an additional 837 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at about $62,000. Fifth Third Bancorp purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the first quarter valued at approximately $63,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the second quarter valued at approximately $125,000.

Neuberger Berman Next Generation Connectivity Fund Company Profile

Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) is a closed-end investment fund managed by Neuberger Berman. The fund seeks to provide investors with exposure to companies positioned to benefit from the continued development and adoption of next-generation connectivity technologies.

NBXG invests primarily in publicly traded companies involved in areas such as wireless communications, 5G networks, cloud computing, data centers, semiconductors, cybersecurity, connected devices, and the Internet of Things.