Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Sees Significant Increase in Short Interest

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 49,900 shares, an increase of 172.7% from the February 13th total of 18,300 shares. Based on an average daily volume of 239,200 shares, the days-to-cover ratio is currently 0.2 days.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of Neuberger Berman Next Generation Connectivity Fund stock traded down $0.13 during trading hours on Thursday, reaching $12.24. The stock had a trading volume of 166,700 shares, compared to its average volume of 234,790. Neuberger Berman Next Generation Connectivity Fund has a 1 year low of $10.70 and a 1 year high of $13.86. The firm has a 50 day simple moving average of $13.22 and a two-hundred day simple moving average of $12.96.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.20 annualized dividend and a dividend yield of 9.80%.

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

A number of hedge funds have recently made changes to their positions in the stock. Beck Mack & Oliver LLC acquired a new stake in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth about $127,000. Harbour Investments Inc. boosted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 8.2% during the 4th quarter. Harbour Investments Inc. now owns 11,570 shares of the company’s stock valued at $147,000 after purchasing an additional 875 shares in the last quarter. Wedbush Securities Inc. grew its position in Neuberger Berman Next Generation Connectivity Fund by 32.1% in the fourth quarter. Wedbush Securities Inc. now owns 14,028 shares of the company’s stock worth $179,000 after buying an additional 3,409 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth $235,000. Finally, NewEdge Advisors LLC raised its holdings in Neuberger Berman Next Generation Connectivity Fund by 3.6% during the 4th quarter. NewEdge Advisors LLC now owns 23,202 shares of the company’s stock worth $296,000 after buying an additional 800 shares during the period.

About Neuberger Berman Next Generation Connectivity Fund

Neuberger Berman Next Generation Connectivity Fund Inc (NBXG) is a newly organized, non-diversified, limited term closed-end management investment company focused on next generation mobile network connectivity and technology.

The Fund’s investment strategy focuses on equity securities issued by U.S.