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

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 53,500 shares, a growth of 386.4% from the September 30th total of 11,000 shares. Based on an average daily volume of 208,800 shares, the short-interest ratio is currently 0.3 days.

Neuberger Berman Next Generation Connectivity Fund Stock Up 1.3 %

Neuberger Berman Next Generation Connectivity Fund stock traded up 0.17 during trading on Friday, hitting 12.88. The company had a trading volume of 309,000 shares, compared to its average volume of 236,737. Neuberger Berman Next Generation Connectivity Fund has a 1-year low of 9.31 and a 1-year high of 13.43. The company’s 50 day simple moving average is 12.52 and its 200-day simple moving average is 12.33.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.20 annualized dividend and a yield of 9.32%.

Hedge Funds Weigh In On Neuberger Berman Next Generation Connectivity Fund

Several institutional investors have recently modified their holdings of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 15.4% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,194 shares of the company’s stock worth $259,000 after acquiring an additional 2,698 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 40.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 160,456 shares of the company’s stock worth $2,059,000 after purchasing an additional 46,005 shares in the last quarter. Dakota Wealth Management grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 2.9% during the third quarter. Dakota Wealth Management now owns 86,623 shares of the company’s stock worth $1,111,000 after purchasing an additional 2,406 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 3.6% during the third quarter. Private Advisor Group LLC now owns 100,766 shares of the company’s stock worth $1,293,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the second quarter worth $864,000.

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.