Short Interest in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Decreases By 38.0%

Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG – Get Rating) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 25,000 shares, a drop of 38.0% from the March 31st total of 40,300 shares. Based on an average trading volume of 268,100 shares, the days-to-cover ratio is presently 0.1 days.

NBXG stock traded down 0.35 during mid-day trading on Friday, hitting 11.46. 382,100 shares of the company were exchanged, compared to its average volume of 288,083. The business has a 50 day simple moving average of 13.03. Neuberger Berman Next Generation Connectivity Fund has a 1-year low of 11.36 and a 1-year high of 20.76.

The company also recently announced a monthly dividend, which was paid on Friday, April 29th. Shareholders of record on Monday, April 18th were given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.47%. The ex-dividend date of this dividend was Thursday, April 14th.

A number of large investors have recently added to or reduced their stakes in the business. Karpus Management Inc. acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth approximately $27,427,000. Lazard Asset Management LLC grew its position in shares of Neuberger Berman Next Generation Connectivity Fund by 96.1% during the 4th quarter. Lazard Asset Management LLC now owns 592,478 shares of the company’s stock worth $10,249,000 after buying an additional 290,278 shares during the period. Saba Capital Management L.P. acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth approximately $9,711,000. Bank of America Corp DE grew its position in shares of Neuberger Berman Next Generation Connectivity Fund by 88.5% during the 4th quarter. Bank of America Corp DE now owns 507,275 shares of the company’s stock worth $8,776,000 after buying an additional 238,144 shares during the period. Finally, Wolverine Asset Management LLC grew its position in shares of Neuberger Berman Next Generation Connectivity Fund by 133.7% during the 4th quarter. Wolverine Asset Management LLC now owns 362,673 shares of the company’s stock worth $6,274,000 after buying an additional 207,516 shares during the period.

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