Neuberger Berman Option Strategy ETF (NYSEARCA:NBOS) Sees Large Drop in Short Interest

Neuberger Berman Option Strategy ETF (NYSEARCA:NBOS) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 191,459 shares, a drop of 74.6% from the July 15th total of 753,835 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 39,521 shares, the days-to-cover ratio is presently 4.8 days.

Neuberger Berman Option Strategy ETF Stock Performance

Shares of NBOS stock traded down $0.02 during midday trading on Friday, hitting $28.61. 44,684 shares of the company were exchanged, compared to its average volume of 65,478. Neuberger Berman Option Strategy ETF has a 52 week low of $26.07 and a 52 week high of $28.69. The firm has a market capitalization of $496.38 million, a P/E ratio of 26.11 and a beta of 0.43. The firm’s 50 day moving average price is $28.12 and its two-hundred day moving average price is $27.71.

Hedge Funds Weigh In On Neuberger Berman Option Strategy ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC bought a new position in shares of Neuberger Berman Option Strategy ETF during the third quarter worth approximately $27,000. NewEdge Advisors LLC acquired a new position in Neuberger Berman Option Strategy ETF in the 4th quarter valued at $27,000. NBC Securities Inc. increased its position in Neuberger Berman Option Strategy ETF by 92.6% during the 4th quarter. NBC Securities Inc. now owns 1,117 shares of the company’s stock worth $30,000 after buying an additional 537 shares during the period. CIBC Private Wealth Group LLC increased its position in Neuberger Berman Option Strategy ETF by 140,400.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,405 shares of the company’s stock worth $38,000 after buying an additional 1,404 shares during the period. Finally, Royal Bank of Canada bought a new position in Neuberger Berman Option Strategy ETF during the 1st quarter worth $77,000.

Neuberger Berman Option Strategy ETF Company Profile

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.