Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Shares Shorted: Short Interest Up 77.1% in September

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

Several hedge funds have recently modified their holdings of the business. Private Advisor Group LLC boosted its position in Neuberger Berman Next Generation Connectivity Fund by 69.0% during the 1st quarter. Private Advisor Group LLC now owns 171,475 shares of the company’s stock valued at $2,207,000 after acquiring an additional 69,984 shares in the last quarter. Quantedge Capital Pte Ltd grew its stake 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 acquiring an additional 86,700 shares during the last quarter. Closed End Fund Advisors Inc. acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the 4th quarter valued at approximately $627,000. NewEdge Advisors LLC raised its stake in Neuberger Berman Next Generation Connectivity Fund by 94.2% in the 1st quarter. NewEdge Advisors LLC now owns 117,358 shares of the company’s stock worth $1,510,000 after acquiring an additional 56,937 shares during the last quarter. Finally, Altium Capital Management LLC raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 20.4% in the first quarter. Altium Capital Management LLC now owns 204,562 shares of the company’s stock worth $2,633,000 after purchasing an additional 34,689 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Company Profile

(Get Free Report)

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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