Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Stock Short Interest Rises 72.9%

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 61,535 shares, an increase of 72.9% from the September 30th total of 35,587 shares. Based on an average trading volume of 121,250 shares, the short-interest ratio is currently 0.5 days.

Neuberger Berman Next Generation Connectivity Fund Stock Down 0.1%

Shares of NYSE:NBXG opened at $14.38 on Wednesday. The stock’s 50-day moving average is $15.30 and its 200-day moving average is $14.85. Neuberger Berman Next Generation Connectivity Fund has a 52-week low of $12.32 and a 52-week high of $17.43.

Neuberger Berman Next Generation Connectivity Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be paid a dividend of $0.1320 per share. This represents a $1.58 annualized dividend and a yield of 11.0%. The ex-dividend date is Monday, November 16th. This is a positive change from Neuberger Berman Next Generation Connectivity Fund’s previous monthly dividend of $0.12.

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Calamos Advisors LLC grew its position in Neuberger Berman Next Generation Connectivity Fund by 6.7% in the 3rd quarter. Calamos Advisors LLC now owns 24,231 shares of the company’s stock worth $380,000 after purchasing an additional 1,515 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 144.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 29,191 shares of the company’s stock valued at $458,000 after buying an additional 17,255 shares during the period. City of London Investment Management Co. Ltd. raised its position in Neuberger Berman Next Generation Connectivity Fund by 2.1% in the third quarter. City of London Investment Management Co. Ltd. now owns 1,213,401 shares of the company’s stock worth $19,038,000 after purchasing an additional 24,880 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 9.0% during the third quarter. Blue Bell Private Wealth Management LLC now owns 472,887 shares of the company’s stock worth $7,420,000 after purchasing an additional 39,159 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 1.0% during the third quarter. Oppenheimer & Co. Inc. now owns 73,992 shares of the company’s stock worth $1,161,000 after purchasing an additional 741 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Company Profile

Neuberger Berman Next Generation Connectivity Fund Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol NBXG. The fund is managed by Neuberger Berman Investment Advisers LLC, an affiliate of global investment manager Neuberger Berman.

The fund seeks to provide investors with exposure to companies involved in the development and expansion of next-generation connectivity. Its investment focus may include businesses associated with wireless communications, 5G networks, broadband, data centers, cloud computing, digital infrastructure, communications equipment, and related technologies and services.

NBXG invests primarily in publicly traded companies and may allocate its portfolio across markets worldwide, allowing it to participate in connectivity-related growth opportunities in the United States and international markets.