Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Short Interest Update

by · The Cerbat Gem

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG – Get Free Report) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 4,072 shares, a decline of 93.5% from the December 15th total of 62,848 shares. Based on an average daily volume of 167,559 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 167,559 shares, the short-interest ratio is presently 0.0 days.

Neuberger Berman Next Generation Connectivity Fund Stock Down 1.4%

NBXG traded down $0.22 on Wednesday, hitting $14.72. The company’s stock had a trading volume of 301,836 shares, compared to its average volume of 233,982. Neuberger Berman Next Generation Connectivity Fund has a 12 month low of $10.05 and a 12 month high of $15.65. The company’s 50 day simple moving average is $14.57 and its 200-day simple moving average is $14.79.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend is Thursday, January 15th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. City of London Investment Management Co. Ltd. increased its position in shares of Neuberger Berman Next Generation Connectivity Fund by 297.5% during the third quarter. City of London Investment Management Co. Ltd. now owns 836,518 shares of the company’s stock valued at $12,866,000 after buying an additional 626,077 shares during the period. Bank of America Corp DE boosted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 71.9% in the second quarter. Bank of America Corp DE now owns 946,968 shares of the company’s stock valued at $13,826,000 after acquiring an additional 395,994 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Neuberger Berman Next Generation Connectivity Fund by 18.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 397,725 shares of the company’s stock valued at $6,117,000 after acquiring an additional 61,230 shares in the last quarter. Penserra Capital Management LLC increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 13.6% during the 3rd quarter. Penserra Capital Management LLC now owns 423,731 shares of the company’s stock worth $6,516,000 after acquiring an additional 50,761 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 28.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 210,313 shares of the company’s stock worth $3,235,000 after acquiring an additional 46,814 shares during the period.

About Neuberger Berman Next Generation Connectivity Fund

(Get Free Report)

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.

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