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

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 39,231 shares, a growth of 77.1% from the August 31st total of 22,148 shares. Based on an average trading volume of 118,948 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Neuberger Berman Next Generation Connectivity Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 69.0% during the first quarter. Private Advisor Group LLC now owns 171,475 shares of the company’s stock worth $2,207,000 after acquiring an additional 69,984 shares during the last quarter. Quantedge Capital Pte Ltd lifted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 81.1% in the 1st quarter. Quantedge Capital Pte Ltd now owns 193,662 shares of the company’s stock valued at $2,492,000 after buying an additional 86,700 shares during the period. Closed End Fund Advisors Inc. acquired a new position in Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at approximately $627,000. NewEdge Advisors LLC grew its position in Neuberger Berman Next Generation Connectivity Fund by 94.2% during the first quarter. NewEdge Advisors LLC now owns 117,358 shares of the company’s stock valued at $1,510,000 after buying an additional 56,937 shares during the period. Finally, Altium Capital Management LLC increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 20.4% in the 1st quarter. Altium Capital Management LLC now owns 204,562 shares of the company’s stock valued at $2,633,000 after purchasing an additional 34,689 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NBXG traded up $0.25 on Tuesday, hitting $15.58. The company had a trading volume of 109,274 shares, compared to its average volume of 211,075. The stock has a fifty day moving average price of $15.26 and a 200-day moving average price of $15.09. Neuberger Berman Next Generation Connectivity Fund has a 12-month low of $12.32 and a 12-month high of $17.43.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.44 dividend on an annualized basis and a yield of 9.2%.

Neuberger Berman Next Generation Connectivity Fund Company Profile

Neuberger Berman Next Generation Connectivity Fund (NYSE: NBXG) is a closed-end investment fund managed by Neuberger Berman. The fund seeks to provide investors with exposure to companies positioned to benefit from the continued development and adoption of next-generation connectivity technologies.

NBXG invests primarily in publicly traded companies involved in areas such as wireless communications, 5G networks, cloud computing, data centers, semiconductors, cybersecurity, connected devices, and the Internet of Things.