Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Short Interest Down 60.0% in January

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 20,700 shares, a drop of 60.0% from the January 15th total of 51,800 shares. Based on an average daily trading volume, of 223,500 shares, the days-to-cover ratio is presently 0.1 days.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NYSE NBXG opened at $13.83 on Friday. The stock’s fifty day moving average is $13.21 and its two-hundred day moving average is $12.82. Neuberger Berman Next Generation Connectivity Fund has a fifty-two week low of $10.70 and a fifty-two week high of $13.86.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.20 annualized dividend and a dividend yield of 8.68%.

Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 3.6% in the 4th quarter. NewEdge Advisors LLC now owns 23,202 shares of the company’s stock valued at $296,000 after purchasing an additional 800 shares during the last quarter. Harbour Investments Inc. raised its position in shares of Neuberger Berman Next Generation Connectivity Fund by 8.2% during the 4th 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 period. Commonwealth Equity Services LLC lifted its holdings in Neuberger Berman Next Generation Connectivity Fund by 5.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 23,319 shares of the company’s stock valued at $297,000 after acquiring an additional 1,225 shares during the last quarter. Stifel Financial Corp grew its position in Neuberger Berman Next Generation Connectivity Fund by 1.0% in the third quarter. Stifel Financial Corp now owns 131,751 shares of the company’s stock worth $1,690,000 after acquiring an additional 1,249 shares during the period. Finally, LPL Financial LLC increased its stake in Neuberger Berman Next Generation Connectivity Fund by 3.4% during the fourth quarter. LPL Financial LLC now owns 70,306 shares of the company’s stock worth $896,000 after acquiring an additional 2,300 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.