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

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 146,600 shares, an increase 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 Trading Down 1.5 %

NYSE NBXG opened at $12.37 on Friday. The stock has a 50 day moving average price of $13.10 and a 200-day moving average price of $12.98. Neuberger Berman Next Generation Connectivity Fund has a one year low of $10.70 and a one year high of $13.86.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 9.70%. The ex-dividend date of this dividend is Monday, March 17th.

Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund

Institutional investors have recently made changes to their positions in the company. Beck Mack & Oliver LLC purchased a new stake in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter worth about $127,000. Harbour Investments Inc. grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 8.2% during 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. raised its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 32.1% in the fourth quarter. Wedbush Securities Inc. now owns 14,028 shares of the company’s stock worth $179,000 after buying an additional 3,409 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter worth approximately $235,000. Finally, NewEdge Advisors LLC lifted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 3.6% during the 4th quarter. NewEdge Advisors LLC now owns 23,202 shares of the company’s stock worth $296,000 after acquiring an additional 800 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.