Short Interest in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Decreases By 11.6%

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 18,300 shares, a drop of 11.6% from the January 31st total of 20,700 shares. Based on an average trading volume of 227,800 shares, the short-interest ratio is currently 0.1 days.

Neuberger Berman Next Generation Connectivity Fund Stock Up 1.8 %

Shares of NYSE NBXG opened at $12.89 on Thursday. 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 business has a fifty day moving average price of $13.26 and a two-hundred day moving average price of $12.96.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.20 annualized dividend and a yield of 9.31%.

Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund

A number of large investors have recently bought and sold shares of NBXG. Ameriflex Group Inc. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth approximately $309,000. Saba Capital Management L.P. raised its position in Neuberger Berman Next Generation Connectivity Fund by 3.5% during the fourth 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. Quantedge Capital Pte Ltd lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 18.2% during the fourth quarter. Quantedge Capital Pte Ltd now owns 181,562 shares of the company’s stock worth $2,313,000 after purchasing an additional 27,900 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 95.6% in the 4th quarter. Millennium Management LLC now owns 39,365 shares of the company’s stock valued at $502,000 after purchasing an additional 19,244 shares in the last quarter. Finally, Bulldog Investors LLP boosted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 76.7% in the 4th quarter. Bulldog Investors LLP now owns 591,231 shares of the company’s stock valued at $7,533,000 after purchasing an additional 256,658 shares in the last quarter.

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.