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

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NBXG. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Neuberger Berman Next Generation Connectivity Fund by 15.4% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,194 shares of the company’s stock valued at $259,000 after purchasing an additional 2,698 shares during the last quarter. Shaker Financial Services LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 3rd quarter worth $326,000. Flagship Harbor Advisors LLC lifted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 9.4% during the 4th quarter. Flagship Harbor Advisors LLC now owns 27,115 shares of the company’s stock worth $345,000 after purchasing an additional 2,333 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 3rd quarter worth $366,000. Finally, Truist Financial Corp acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the 2nd quarter valued at about $384,000.

Neuberger Berman Next Generation Connectivity Fund Trading Up 1.8 %

NYSE:NBXG traded up $0.24 on Tuesday, hitting $13.23. The stock had a trading volume of 199,853 shares, compared to its average volume of 208,927. Neuberger Berman Next Generation Connectivity Fund has a 52-week low of $10.70 and a 52-week high of $13.75. The business’s 50-day simple moving average is $13.13 and its two-hundred day simple moving average is $12.73.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.07%.

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.