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 increase in short interest in July. As of July 15th, there was short interest totaling 40,354 shares, an increase of 1,506.4% from the June 30th total of 2,512 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 236,666 shares, the short-interest ratio is presently 0.2 days.

Neuberger Berman Short Duration Income ETF Stock Performance

Neuberger Berman Short Duration Income ETF stock traded up $0.01 during mid-day trading on Friday, reaching $50.58. The company’s stock had a trading volume of 180,621 shares, compared to its average volume of 180,954. Neuberger Berman Short Duration Income ETF has a twelve month low of $50.42 and a twelve month high of $51.57. The business has a 50 day moving average price of $50.64 and a 200-day moving average price of $50.90.

Hedge Funds Weigh In On Neuberger Berman Short Duration Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Western Wealth Management LLC bought a new position in Neuberger Berman Short Duration Income ETF in the 1st quarter worth about $46,000. Comerica Bank bought a new position in shares of Neuberger Berman Short Duration Income ETF in the third quarter worth $102,000. NWF Advisory Services Inc. acquired a new position in shares of Neuberger Berman Short Duration Income ETF during the fourth quarter valued at $205,000. Magnolia Capital Advisors LLC acquired a new position in shares of Neuberger Berman Short Duration Income ETF during the fourth quarter valued at $205,000. Finally, Fifth Third Bancorp bought a new stake in shares of Neuberger Berman Short Duration Income ETF during the first quarter valued at about $205,000.

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.