Short Interest in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Expands By 193.8%

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 146,600 shares, a growth of 193.8% from the February 28th total of 49,900 shares. Based on an average daily volume of 237,800 shares, the short-interest ratio is presently 0.6 days.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NBXG stock traded down $0.08 on Thursday, reaching $12.60. The company had a trading volume of 233,018 shares, compared to its average volume of 231,336. The company’s fifty day moving average is $13.13 and its 200 day moving average is $12.98. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given 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 9.52%.

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

Large investors have recently made changes to their positions in the stock. Beck Mack & Oliver LLC purchased a new position in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at about $127,000. Harbour Investments Inc. raised its position in shares of 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 buying an additional 875 shares during the last quarter. Wedbush Securities Inc. lifted 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 buying an additional 3,409 shares during the period. Landscape Capital Management L.L.C. purchased a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter valued at approximately $235,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth $309,000.

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.