Neuberger China Equity ETF (NYSEARCA:NBCE) Sees Large Decline in Short Interest

Neuberger China Equity ETF (NYSEARCA:NBCE) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 11,548 shares, a decline of 62.7% from the August 15th total of 30,991 shares. Currently, 2.6% of the company’s shares are short sold. Based on an average daily trading volume, of 972 shares, the days-to-cover ratio is presently 11.9 days.

Neuberger China Equity ETF Stock Down 0.1%

Shares of NBCE traded down $0.05 on Friday, hitting $38.35. 14 shares of the stock traded hands, compared to its average volume of 1,421. The firm has a market capitalization of $16.87 million, a P/E ratio of 15.84 and a beta of 0.48. The stock’s 50 day moving average is $39.69 and its two-hundred day moving average is $39.21. Neuberger China Equity ETF has a 1 year low of $31.49 and a 1 year high of $45.93.

About Neuberger China Equity ETF

The Neuberger Berman China Equity ETF (NBCE) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, concentrated, all-cap portfolio of China-A share companies and equity-related securities. The fund also incorporates ESG factors as part of its screening process NBCE was launched on Jul 17, 2013 and is issued by Neuberger Berman.