Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) Short Interest Up 122.5% in April

Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 58,717 shares, a growth of 122.5% from the April 15th total of 26,393 shares. Based on an average daily volume of 53,200 shares, the short-interest ratio is currently 1.1 days. Approximately 0.4% of the company’s shares are short sold.

Neuberger Berman Commodity Strategy ETF Stock Performance

Shares of NBCM stock opened at $30.06 on Friday. Neuberger Berman Commodity Strategy ETF has a 1-year low of $21.55 and a 1-year high of $30.81. The business has a 50-day moving average of $28.45 and a 200 day moving average of $25.64.

Institutional Investors Weigh In On Neuberger Berman Commodity Strategy ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in Neuberger Berman Commodity Strategy ETF by 4.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,538,444 shares of the company’s stock worth $108,287,000 after buying an additional 207,143 shares during the period. IAG Wealth Partners LLC lifted its position in shares of Neuberger Berman Commodity Strategy ETF by 8.5% in the 4th quarter. IAG Wealth Partners LLC now owns 149,246 shares of the company’s stock worth $3,377,000 after purchasing an additional 11,671 shares during the period. Vise Technologies Inc. lifted its position in shares of Neuberger Berman Commodity Strategy ETF by 91.2% in the 4th quarter. Vise Technologies Inc. now owns 18,156 shares of the company’s stock worth $411,000 after purchasing an additional 8,662 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Neuberger Berman Commodity Strategy ETF by 8,159.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 631,654 shares of the company’s stock worth $14,860,000 after purchasing an additional 624,006 shares during the period. Finally, Private Advisor Group LLC lifted 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 worth $4,887,000 after purchasing an additional 52,945 shares during the period.

About Neuberger Berman Commodity Strategy ETF

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.