Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Short Interest Up 172.7% in February

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

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NBXG traded up $0.27 on Friday, reaching $12.48. 173,725 shares of the company’s stock were exchanged, compared to its average volume of 234,468. Neuberger Berman Next Generation Connectivity Fund has a twelve month low of $10.70 and a twelve month high of $13.86. The stock’s fifty day moving average price is $13.19 and its 200-day moving average price is $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. Shareholders of record on Monday, March 17th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.20 annualized dividend and a yield of 9.62%.

Hedge Funds Weigh In On Neuberger Berman Next Generation Connectivity Fund

Several institutional investors and hedge funds have recently bought and sold shares of NBXG. Saba Capital Management L.P. lifted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 3.5% in the 4th quarter. Saba Capital Management L.P. now owns 6,853,330 shares of the company’s stock worth $87,311,000 after acquiring an additional 234,671 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 9.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,483,359 shares of the company’s stock worth $18,898,000 after acquiring an additional 126,793 shares during the last quarter. Sit Investment Associates Inc. lifted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 29.5% in the 4th quarter. Sit Investment Associates Inc. now owns 1,352,512 shares of the company’s stock worth $17,231,000 after acquiring an additional 308,108 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter worth approximately $9,170,000. Finally, Bulldog Investors LLP lifted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 76.7% in the 4th quarter. Bulldog Investors LLP now owns 591,231 shares of the company’s stock worth $7,533,000 after acquiring an additional 256,658 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Company Profile

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.