Short Interest in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Expands By 193.8%

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 146,600 shares, a growth of 193.8% from the February 28th total of 49,900 shares. Based on an average daily volume of 237,800 shares, the short-interest ratio is presently 0.6 days.

Neuberger Berman Next Generation Connectivity Fund Stock Down 0.6 %

Shares of NBXG traded down $0.08 during mid-day trading on Thursday, reaching $12.60. The company had a trading volume of 233,018 shares, compared to its average volume of 231,336. Neuberger Berman Next Generation Connectivity Fund has a fifty-two week low of $10.70 and a fifty-two week high of $13.86. The firm has a fifty day simple moving average of $13.13 and a 200-day simple moving average of $12.98.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 9.52%. The ex-dividend date is Monday, March 17th.

Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Saba Capital Management L.P. lifted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 3.5% in the 4th quarter. Saba Capital Management L.P. now owns 6,853,330 shares of the company’s stock valued at $87,311,000 after purchasing an additional 234,671 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Neuberger Berman Next Generation Connectivity Fund by 9.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,483,359 shares of the company’s stock valued at $18,898,000 after buying an additional 126,793 shares during the period. Sit Investment Associates Inc. lifted its position in Neuberger Berman Next Generation Connectivity Fund by 29.5% during the fourth quarter. Sit Investment Associates Inc. now owns 1,352,512 shares of the company’s stock valued at $17,231,000 after buying an additional 308,108 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth approximately $9,170,000. Finally, Bulldog Investors LLP grew its stake in Neuberger Berman Next Generation Connectivity Fund by 76.7% during the fourth quarter. Bulldog Investors LLP now owns 591,231 shares of the company’s stock worth $7,533,000 after buying an additional 256,658 shares during the period.

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.