Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Sees Large Increase in Short Interest

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 30,252 shares, a growth of 207.1% from the January 29th total of 9,852 shares. Based on an average daily trading volume, of 345,051 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 345,051 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Neuberger Berman Next Generation Connectivity Fund

Several hedge funds have recently bought and sold shares of the business. City of London Investment Management Co. Ltd. raised its stake in Neuberger Berman Next Generation Connectivity Fund by 297.5% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 836,518 shares of the company’s stock valued at $12,866,000 after purchasing an additional 626,077 shares during the last quarter. Morgan Stanley increased its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 10.2% during the 4th quarter. Morgan Stanley now owns 6,265,820 shares of the company’s stock worth $90,478,000 after purchasing an additional 577,847 shares during the period. Bank of America Corp DE increased its holdings 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 purchasing an additional 395,994 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter valued at about $3,456,000. Finally, Altium Capital Management LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter valued at about $2,453,000.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NYSE NBXG traded up $0.05 during trading on Friday, reaching $13.50. The company’s stock had a trading volume of 212,063 shares, compared to its average volume of 256,712. Neuberger Berman Next Generation Connectivity Fund has a 1-year low of $10.05 and a 1-year high of $15.65. The business has a 50-day moving average price of $14.10 and a 200-day moving average price of $14.61.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were paid a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date of this dividend was Tuesday, February 17th.

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.