Short Interest in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Increases By 188.7%

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 29,410 shares, an increase of 188.7% from the February 26th total of 10,188 shares. Based on an average daily trading volume, of 216,560 shares, the short-interest ratio is currently 0.1 days.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NYSE:NBXG traded down $0.30 during midday trading on Friday, hitting $12.52. The company’s stock had a trading volume of 170,908 shares, compared to its average volume of 236,914. Neuberger Berman Next Generation Connectivity Fund has a fifty-two week low of $10.05 and a fifty-two week high of $15.65. The firm’s 50 day moving average is $13.55 and its 200-day moving average is $14.39.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.12 dividend. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NBXG. Geneos Wealth Management Inc. purchased a new stake in Neuberger Berman Next Generation Connectivity Fund in the first quarter valued at $57,000. Nemes Rush Group LLC acquired a new stake in Neuberger Berman Next Generation Connectivity Fund during the 2nd quarter worth about $33,000. XTX Topco Ltd purchased a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 2nd quarter valued at about $392,000. Advisors Asset Management Inc. raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 0.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 176,315 shares of the company’s stock valued at $2,574,000 after buying an additional 789 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the 2nd quarter valued at about $292,000.

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.