Neuberger Option Strategy ETF (NYSEARCA:NBOS) Stock Short Interest Declines 53.6%

Neuberger Option Strategy ETF (NYSEARCA:NBOS) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 58,048 shares, a drop of 53.6% from the October 15th total of 125,183 shares. Based on an average daily volume of 198,645 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

Neuberger Option Strategy ETF Stock Up 0.2%

Shares of Neuberger Option Strategy ETF stock traded up $0.06 on Friday, hitting $28.28. 29,229 shares of the company were exchanged, compared to its average volume of 76,821. The stock has a market capitalization of $544.39 million, a price-to-earnings ratio of 26.11 and a beta of 0.43. The company has a 50-day moving average price of $28.50 and a 200 day moving average price of $27.97. Neuberger Option Strategy ETF has a 1-year low of $26.07 and a 1-year high of $29.00.

Hedge Funds Weigh In On Neuberger Option Strategy ETF

Institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Securities Inc. purchased a new stake in Neuberger Option Strategy ETF in the 3rd quarter valued at $3,003,000. Steward Partners Investment Advisory LLC increased its stake in shares of Neuberger Option Strategy ETF by 20.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 93,881 shares of the company’s stock worth $2,672,000 after acquiring an additional 15,887 shares during the last quarter. Harbour Investments Inc. acquired a new stake in shares of Neuberger Option Strategy ETF in the 3rd quarter worth $434,000. Fifth Third Bancorp acquired a new stake in shares of Neuberger Option Strategy ETF in the 3rd quarter worth $34,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Neuberger Option Strategy ETF during the 3rd quarter worth $246,000.

About Neuberger Option Strategy ETF

The Neuberger Berman Option Strategy ETF (NBOS) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that utilizes a cash-secured put writing strategy on US indices. The fund seeks long-term capital appreciation and income. NBOS was launched on Sep 16, 2016 and is issued by Neuberger Berman.