Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG – Get Rating) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 20,200 shares, an increase of 231.1% from the November 30th total of 6,100 shares. Based on an average daily volume of 365,100 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Karpus Management Inc. boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 49.2% during the third quarter. Karpus Management Inc. now owns 2,250,258 shares of the company's stock worth $21,242,000 after purchasing an additional 741,777 shares during the last quarter. Saba Capital Management L.P. raised its position in Neuberger Berman Next Generation Connectivity Fund by 66.5% in the third quarter. Saba Capital Management L.P. now owns 1,890,121 shares of the company's stock worth $17,843,000 after acquiring an additional 754,632 shares during the period. Lazard Asset Management LLC raised its position in Neuberger Berman Next Generation Connectivity Fund by 77.1% in the second quarter. Lazard Asset Management LLC now owns 1,511,687 shares of the company's stock worth $14,995,000 after acquiring an additional 657,971 shares during the period. Bank of America Corp DE raised its position in Neuberger Berman Next Generation Connectivity Fund by 69.3% in the first quarter. Bank of America Corp DE now owns 858,854 shares of the company's stock worth $11,981,000 after acquiring an additional 351,579 shares during the period. Finally, Bulldog Investors LLP raised its position in Neuberger Berman Next Generation Connectivity Fund by 47.1% in the third quarter. Bulldog Investors LLP now owns 690,416 shares of the company's stock worth $6,518,000 after acquiring an additional 220,934 shares during the period.
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Neuberger Berman Next Generation Connectivity Fund Stock Up 0.1 %
Neuberger Berman Next Generation Connectivity Fund stock traded up 0.01 during midday trading on Friday, hitting 9.10. 689,800 shares of the stock were exchanged, compared to its average volume of 312,852. Neuberger Berman Next Generation Connectivity Fund has a 52-week low of 8.71 and a 52-week high of 17.66. The business's 50-day moving average price is 9.53 and its 200-day moving average price is 10.01.
Neuberger Berman Next Generation Connectivity Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 13.19%. The ex-dividend date is Wednesday, December 14th.
About Neuberger Berman Next Generation Connectivity Fund
(Get Rating)
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.
Further Reading
- Get a free copy of the StockNews.com research report on Neuberger Berman Next Generation Connectivity Fund (NBXG)
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