Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Short Interest Update

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

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

A number of large investors have recently bought and sold shares of the business. Penserra Capital Management LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the third quarter valued at approximately $4,317,000. Sanctuary Advisors LLC purchased a new position in Neuberger Berman Next Generation Connectivity Fund in the 2nd quarter valued at $864,000. Wealth Enhancement Advisory Services LLC increased its stake in Neuberger Berman Next Generation Connectivity Fund by 40.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 160,456 shares of the company’s stock valued at $2,059,000 after buying an additional 46,005 shares during the period. Walleye Capital LLC purchased a new position in Neuberger Berman Next Generation Connectivity Fund during the 3rd quarter worth $576,000. Finally, Truist Financial Corp acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 2nd quarter worth $384,000.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NYSE NBXG traded down $0.04 on Tuesday, reaching $12.86. The stock had a trading volume of 190,011 shares, compared to its average volume of 202,964. Neuberger Berman Next Generation Connectivity Fund has a 12-month low of $10.70 and a 12-month high of $13.66. The business’s 50-day moving average price is $13.09 and its 200 day moving average price is $12.72.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

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

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.