Short Interest in Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) Grows By 1,506.4%

Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 40,354 shares, a growth of 1,506.4% from the June 30th total of 2,512 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 236,666 shares, the days-to-cover ratio is currently 0.2 days.

Neuberger Berman Short Duration Income ETF Stock Performance

Shares of NBSD traded up $0.01 during trading hours on Friday, hitting $50.58. 180,621 shares of the company were exchanged, compared to its average volume of 180,954. Neuberger Berman Short Duration Income ETF has a 52 week low of $50.42 and a 52 week high of $51.57. The firm’s 50 day moving average is $50.64 and its 200-day moving average is $50.90.

Hedge Funds Weigh In On Neuberger Berman Short Duration Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley raised its holdings in Neuberger Berman Short Duration Income ETF by 368.2% in the 4th quarter. Morgan Stanley now owns 2,465,782 shares of the company’s stock valued at $126,209,000 after acquiring an additional 1,939,140 shares in the last quarter. Bank of America Corp DE grew its position in Neuberger Berman Short Duration Income ETF by 64.9% during the 1st quarter. Bank of America Corp DE now owns 1,185,945 shares of the company’s stock worth $60,139,000 after acquiring an additional 466,842 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Neuberger Berman Short Duration Income ETF by 98.9% in the third quarter. Raymond James Financial Inc. now owns 795,080 shares of the company’s stock valued at $40,676,000 after buying an additional 395,411 shares in the last quarter. LPL Financial LLC increased its position in Neuberger Berman Short Duration Income ETF by 21.6% in the 4th quarter. LPL Financial LLC now owns 1,292,289 shares of the company’s stock valued at $66,144,000 after acquiring an additional 229,531 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Neuberger Berman Short Duration Income ETF during the 4th quarter worth $9,763,000.

About Neuberger Berman Short Duration Income ETF

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.