Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Short Interest Up 183.3% in July

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 203,324 shares, a growth of 183.3% from the June 30th total of 71,770 shares. Based on an average daily volume of 221,451 shares, the days-to-cover ratio is currently 0.9 days.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NYSE NBXG traded down $0.16 during mid-day trading on Monday, reaching $14.77. 184,488 shares of the company were exchanged, compared to its average volume of 229,164. The company’s 50-day simple moving average is $16.02 and its 200-day simple moving average is $14.65. Neuberger Berman Next Generation Connectivity Fund has a twelve month low of $12.32 and a twelve month high of $17.43.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date is Wednesday, July 15th.

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

Hedge funds have recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Neuberger Berman Next Generation Connectivity Fund by 5.8% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 28,080 shares of the company’s stock worth $464,000 after acquiring an additional 1,544 shares during the period. Focus Financial Network Inc. grew its position in shares of Neuberger Berman Next Generation Connectivity Fund by 25.9% during the 2nd quarter. Focus Financial Network Inc. now owns 18,472 shares of the company’s stock worth $306,000 after purchasing an additional 3,803 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 94.2% during the first quarter. NewEdge Advisors LLC now owns 117,358 shares of the company’s stock worth $1,510,000 after purchasing an additional 56,937 shares during the period. Quantedge Capital Pte Ltd increased its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 81.1% during the first quarter. Quantedge Capital Pte Ltd now owns 193,662 shares of the company’s stock worth $2,492,000 after purchasing an additional 86,700 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Neuberger Berman Next Generation Connectivity Fund by 12.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 230,879 shares of the company’s stock valued at $2,971,000 after buying an additional 25,590 shares in the last quarter.

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.