Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Short Interest Up 94.8% in June

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 71,770 shares, an increase of 94.8% from the June 15th total of 36,834 shares. Based on an average daily trading volume, of 280,404 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Altium Capital Management LLC bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at approximately $2,453,000. Private Advisor Group LLC boosted its position in Neuberger Berman Next Generation Connectivity Fund by 69.0% in the first quarter. Private Advisor Group LLC now owns 171,475 shares of the company’s stock worth $2,207,000 after purchasing an additional 69,984 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in Neuberger Berman Next Generation Connectivity Fund in the fourth quarter worth $3,456,000. Closed End Fund Advisors Inc. bought a new position in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at $627,000. Finally, Blue Bell Private Wealth Management LLC increased its position in shares of Neuberger Berman Next Generation Connectivity Fund by 13.6% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 360,641 shares of the company’s stock valued at $5,208,000 after purchasing an additional 43,271 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Trading Down 3.0%

NYSE NBXG traded down $0.47 on Thursday, reaching $15.25. The company had a trading volume of 359,188 shares, compared to its average volume of 225,981. The company’s fifty day moving average is $16.05 and its 200 day moving average is $14.62. Neuberger Berman Next Generation Connectivity Fund has a 52-week low of $12.32 and a 52-week high of $17.43.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 9.4%.

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.