Short Interest in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Decreases By 92.8%

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 3,800 shares, a decrease of 92.8% from the December 15th total of 52,900 shares. Based on an average daily volume of 220,500 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Neuberger Berman Next Generation Connectivity Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp boosted its stake 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 valued at $1,690,000 after acquiring an additional 1,249 shares in the last quarter. Concorde Asset Management LLC boosted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 63.2% in the 2nd quarter. Concorde Asset Management LLC now owns 40,230 shares of the company’s stock valued at $519,000 after purchasing an additional 15,580 shares during the period. Commonwealth Equity Services LLC grew its stake in Neuberger Berman Next Generation Connectivity Fund by 43.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 28,278 shares of the company’s stock worth $365,000 after buying an additional 8,596 shares during the last quarter. Carolinas Wealth Consulting LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the second quarter worth approximately $133,000. Finally, Wealthspire Advisors LLC purchased a new stake in Neuberger Berman Next Generation Connectivity Fund in the second quarter valued at approximately $155,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NBXG traded down $0.04 during midday trading on Tuesday, hitting $12.86. The company had a trading volume of 190,011 shares, compared to its average volume of 202,964. Neuberger Berman Next Generation Connectivity Fund has a 1 year low of $10.70 and a 1 year high of $13.66. The company’s 50-day simple moving average is $13.09 and its 200-day simple moving average is $12.72.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 9.33%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.