Short Interest in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Decreases By 11.6%

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 18,300 shares, a decrease of 11.6% from the January 31st total of 20,700 shares. Based on an average trading volume of 227,800 shares, the days-to-cover ratio is presently 0.1 days.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NBXG opened at $12.89 on Thursday. The company’s 50 day moving average is $13.26 and its 200-day moving average is $12.96. Neuberger Berman Next Generation Connectivity Fund has a 1-year low of $10.70 and a 1-year high of $13.86.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.10 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.20 dividend on an annualized basis and a yield of 9.31%.

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

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

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.