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.
- Get a free copy of the StockNews.com research report on Neuberger Berman Next Generation Connectivity Fund (NBXG)
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