Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG – Get Free Report) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 39,231 shares, a growth of 77.1% from the August 31st total of 22,148 shares. Based on an average daily trading volume, of 118,948 shares, the days-to-cover ratio is currently 0.3 days.
Neuberger Berman Next Generation Connectivity Fund Stock Up 0.6%
Shares of NYSE NBXG traded up $0.09 during trading hours on Wednesday, reaching $15.66. The stock had a trading volume of 164,745 shares, compared to its average volume of 210,822. The business’s fifty day moving average price is $15.26 and its two-hundred day moving average price is $15.10. 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 Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Tuesday, September 15th.
Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund
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.
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