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

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

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

Several institutional investors have recently added to or reduced their stakes in NBXG. Concorde Asset Management LLC boosted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 6.0% during the second quarter. Concorde Asset Management LLC now owns 58,690 shares of the company’s stock worth $971,000 after buying an additional 3,310 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 2nd quarter valued at $33,000. NewEdge Advisors LLC lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 5.5% during the 2nd quarter. NewEdge Advisors LLC now owns 123,850 shares of the company’s stock worth $2,048,000 after acquiring an additional 6,492 shares in the last quarter. Corient Private Wealth LP acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the 2nd quarter worth about $172,000. Finally, Readystate Asset Management LP boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 45.6% during the 2nd quarter. Readystate Asset Management LP now owns 16,563 shares of the company’s stock valued at $274,000 after acquiring an additional 5,184 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Trading Up 0.3%

NYSE NBXG traded up $0.05 during trading hours on Thursday, reaching $15.74. The company had a trading volume of 25,343 shares, compared to its average volume of 209,805. The stock has a 50-day moving average of $15.27 and a 200 day moving average of $15.12. Neuberger Berman Next Generation Connectivity Fund has a 1-year low of $12.32 and a 1-year high of $17.43.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Thursday, October 15th.

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.