Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG – Get Free Report) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 54,059 shares, a decline of 73.4% from the July 15th total of 203,324 shares. Based on an average daily trading volume, of 290,647 shares, the short-interest ratio is presently 0.2 days.
Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley lifted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 10.2% in the 4th quarter. Morgan Stanley now owns 6,265,820 shares of the company’s stock worth $90,478,000 after purchasing an additional 577,847 shares during the period. Bulldog Investors LLP increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 2.7% during the fourth quarter. Bulldog Investors LLP now owns 1,168,126 shares of the company’s stock valued at $16,868,000 after buying an additional 31,140 shares during the last quarter. Bank of America Corp DE increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 71.9% during the second quarter. Bank of America Corp DE now owns 946,968 shares of the company’s stock valued at $13,826,000 after buying an additional 395,994 shares during the last quarter. Raymond James Financial Inc. raised its position in Neuberger Berman Next Generation Connectivity Fund by 2.0% in the second quarter. Raymond James Financial Inc. now owns 766,255 shares of the company’s stock worth $11,187,000 after acquiring an additional 14,953 shares during the period. Finally, Royal Bank of Canada raised its position in Neuberger Berman Next Generation Connectivity Fund by 17.8% in the fourth quarter. Royal Bank of Canada now owns 498,252 shares of the company’s stock worth $7,193,000 after acquiring an additional 75,175 shares during the period.
Neuberger Berman Next Generation Connectivity Fund Stock Performance
Shares of NBXG traded up $0.08 during trading hours on Friday, hitting $15.87. The stock had a trading volume of 132,712 shares, compared to its average volume of 226,776. Neuberger Berman Next Generation Connectivity Fund has a 12 month low of $12.32 and a 12 month high of $17.43. The stock has a fifty day moving average price of $15.72 and a 200 day moving average price of $14.70.
Neuberger Berman Next Generation Connectivity Fund Dividend Announcement
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.
Featured Stories
- Five stocks we like better than Neuberger Berman Next Generation Connectivity Fund
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
Receive News & Ratings for Neuberger Berman Next Generation Connectivity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neuberger Berman Next Generation Connectivity Fund and related companies with MarketBeat.com's FREE daily email newsletter.
