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

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the target of a significant growth in short interest in the month of 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 trading volume of 239,200 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

A number of institutional investors have recently modified their holdings of the company. Beck Mack & Oliver LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth about $127,000. Harbour Investments Inc. raised its holdings in Neuberger Berman Next Generation Connectivity Fund by 8.2% in the 4th quarter. Harbour Investments Inc. now owns 11,570 shares of the company’s stock valued at $147,000 after acquiring an additional 875 shares during the period. Wedbush Securities Inc. lifted its holdings in Neuberger Berman Next Generation Connectivity Fund by 32.1% during the 4th quarter. Wedbush Securities Inc. now owns 14,028 shares of the company’s stock worth $179,000 after purchasing an additional 3,409 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth $235,000. Finally, NewEdge Advisors LLC increased its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 3.6% during the fourth quarter. NewEdge Advisors LLC now owns 23,202 shares of the company’s stock worth $296,000 after purchasing an additional 800 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Trading Down 1.1 %

NYSE NBXG traded down $0.13 during trading hours on Thursday, hitting $12.24. The company’s stock had a trading volume of 166,700 shares, compared to its average volume of 234,790. Neuberger Berman Next Generation Connectivity Fund has a twelve month low of $10.70 and a twelve month high of $13.86. The stock has a fifty day moving average of $13.22 and a 200 day moving average of $12.96.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 9.80%. The ex-dividend date of this dividend is Monday, March 17th.

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.