Short Interest in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Declines By 92.8%

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 3,800 shares, a drop of 92.8% from the December 31st total of 52,900 shares. Based on an average daily volume of 220,500 shares, the days-to-cover ratio is presently 0.0 days.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NYSE:NBXG traded up $0.24 during trading hours on Tuesday, hitting $13.23. 199,853 shares of the company traded hands, compared to its average volume of 208,927. The firm’s 50-day simple moving average is $13.13 and its 200-day simple moving average is $12.73. Neuberger Berman Next Generation Connectivity Fund has a one year low of $10.70 and a one year high of $13.75.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 9.07%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund

A number of hedge funds have recently made changes to their positions in the business. AlphaStar Capital Management LLC boosted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 13.5% in the 4th quarter. AlphaStar Capital Management LLC now owns 35,925 shares of the company’s stock worth $458,000 after buying an additional 4,272 shares during the last quarter. Kavar Capital Partners Group LLC purchased a new stake in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter valued at about $403,000. Kingswood Wealth Advisors LLC bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter valued at about $463,000. Flagship Harbor Advisors LLC increased its position in shares of Neuberger Berman Next Generation Connectivity Fund by 9.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 27,115 shares of the company’s stock valued at $345,000 after buying an additional 2,333 shares during the period. Finally, Cornerstone Wealth Management LLC increased its position in shares of Neuberger Berman Next Generation Connectivity Fund by 6.0% in the fourth quarter. Cornerstone Wealth Management LLC now owns 109,978 shares of the company’s stock worth $1,401,000 after purchasing an additional 6,196 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.