Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Sees Significant Growth in Short Interest

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXGGet Rating) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 40,300 shares, a growth of 127.7% from the March 15th total of 17,700 shares. Based on an average daily volume of 275,600 shares, the days-to-cover ratio is currently 0.1 days.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wedbush Securities Inc. lifted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 77.8% in the fourth quarter. Wedbush Securities Inc. now owns 46,274 shares of the company’s stock worth $801,000 after buying an additional 20,250 shares in the last quarter. Corrado Advisors LLC grew its stake in Neuberger Berman Next Generation Connectivity Fund by 6.1% in the fourth quarter. Corrado Advisors LLC now owns 198,296 shares of the company’s stock worth $3,431,000 after purchasing an additional 11,401 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new stake in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth $286,000. Newbridge Financial Services Group Inc. lifted its holdings in Neuberger Berman Next Generation Connectivity Fund by 107.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,824 shares of the company’s stock worth $101,000 after buying an additional 3,010 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 391.1% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 11,782 shares of the company’s stock valued at $204,000 after purchasing an additional 9,383 shares during the last quarter.

NBXG opened at 12.24 on Friday. Neuberger Berman Next Generation Connectivity Fund has a 1 year low of 11.58 and a 1 year high of 20.76. The stock’s 50 day moving average is 13.63.

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Shareholders of record on Monday, April 18th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 9.80%. The ex-dividend date is Thursday, April 14th.

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