Short Interest in Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) Drops By 52.7%

Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 29,861 shares, a decline of 52.7% from the July 30th total of 63,194 shares. Based on an average daily volume of 61,041 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Neuberger Berman Commodity Strategy ETF Stock Performance

Shares of NYSEARCA NBCM traded down $0.01 during mid-day trading on Friday, reaching $30.42. 26,629 shares of the company’s stock were exchanged, compared to its average volume of 71,324. Neuberger Berman Commodity Strategy ETF has a 52-week low of $22.13 and a 52-week high of $32.52. The company’s 50-day moving average is $28.45 and its 200-day moving average is $28.04.

Hedge Funds Weigh In On Neuberger Berman Commodity Strategy ETF

Institutional investors have recently modified their holdings of the business. HB Wealth Management LLC acquired a new position in shares of Neuberger Berman Commodity Strategy ETF during the second quarter worth about $257,000. Bank of America Corp DE purchased a new position in Neuberger Berman Commodity Strategy ETF in the first quarter worth approximately $384,000. World Investment Advisors purchased a new position in Neuberger Berman Commodity Strategy ETF in the first quarter worth approximately $1,412,000. Osaic Holdings Inc. grew its holdings in Neuberger Berman Commodity Strategy ETF by 6.3% during the 4th quarter. Osaic Holdings Inc. now owns 27,523 shares of the company’s stock worth $622,000 after acquiring an additional 1,620 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Neuberger Berman Commodity Strategy ETF by 32.5% in the 4th quarter. Private Advisor Group LLC now owns 215,989 shares of the company’s stock valued at $4,887,000 after purchasing an additional 52,945 shares during the last quarter.

Neuberger Berman Commodity Strategy ETF Company Profile

The Neuberger Berman Commodity Strategy ETF (NBCM) is an exchange-traded fund that is based on the Bloomberg Commodity index. The fund is actively managed to provide long and short exposure to the broad commodity market. The fund utilizes a subsidiary to invest in commodity-linked derivative instruments. NBCM was launched on Aug 27, 2012 and is managed by Neuberger Berman.