Short Interest in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Declines By 11.6%

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 18,300 shares, a drop of 11.6% from the January 31st total of 20,700 shares. Based on an average daily trading volume, of 227,800 shares, the days-to-cover ratio is currently 0.1 days.

Neuberger Berman Next Generation Connectivity Fund Stock Down 2.0 %

Shares of NBXG opened at $12.63 on Friday. The stock’s fifty day simple moving average is $13.26 and its 200 day simple moving average is $12.95. Neuberger Berman Next Generation Connectivity Fund has a twelve month low of $10.70 and a twelve month high of $13.86.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 9.50%. The ex-dividend date is Monday, March 17th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NBXG. Shaker Financial Services LLC purchased a new position in Neuberger Berman Next Generation Connectivity Fund in the third quarter valued at about $326,000. PNC Financial Services Group Inc. raised its position in Neuberger Berman Next Generation Connectivity Fund by 14.3% in the third quarter. PNC Financial Services Group Inc. now owns 100,372 shares of the company’s stock valued at $1,288,000 after purchasing an additional 12,577 shares during the period. Concorde Asset Management LLC raised its position in Neuberger Berman Next Generation Connectivity Fund by 10.7% in the third quarter. Concorde Asset Management LLC now owns 44,550 shares of the company’s stock valued at $572,000 after purchasing an additional 4,320 shares during the period. Penserra Capital Management LLC purchased a new position in Neuberger Berman Next Generation Connectivity Fund in the third quarter valued at about $4,317,000. Finally, Walleye Capital LLC purchased a new position in Neuberger Berman Next Generation Connectivity Fund in the third quarter valued at about $576,000.

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.