Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) Short Interest Up 285.4% in May

Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 28,835 shares, an increase of 285.4% from the April 30th total of 7,481 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 133,120 shares, the short-interest ratio is currently 0.2 days.

Neuberger Berman Short Duration Income ETF Stock Performance

NYSEARCA:NBSD traded up $0.03 during trading hours on Friday, reaching $50.71. 130,157 shares of the company were exchanged, compared to its average volume of 176,627. The stock has a 50 day simple moving average of $50.79 and a 200 day simple moving average of $51.06. Neuberger Berman Short Duration Income ETF has a 52-week low of $50.42 and a 52-week high of $51.57.

Hedge Funds Weigh In On Neuberger Berman Short Duration Income ETF

Large investors have recently modified their holdings of the company. Western Wealth Management LLC purchased a new position in shares of Neuberger Berman Short Duration Income ETF in the 1st quarter worth about $46,000. Comerica Bank purchased a new position in shares of Neuberger Berman Short Duration Income ETF in the 3rd quarter valued at $102,000. NWF Advisory Services Inc. purchased a new position in shares of Neuberger Berman Short Duration Income ETF in the 4th quarter valued at $205,000. Magnolia Capital Advisors LLC purchased a new position in shares of Neuberger Berman Short Duration Income ETF in the 4th quarter valued at $205,000. Finally, Fifth Third Bancorp purchased a new position in shares of Neuberger Berman Short Duration Income ETF in the 1st quarter valued at $205,000.

Neuberger Berman Short Duration Income ETF Company Profile

The Neuberger Berman Short Duration Income ETF (NBSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, investing broadly in the US fixed-income market. The fund seeks the highest available current income, and to a lesser extent, capital appreciation. NBSD was launched on Jun 21, 2010 and is issued by Neuberger Berman.