Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) Sees Significant Decline in Short Interest

Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 15,321 shares, a decline of 62.0% from the July 15th total of 40,354 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 150,640 shares, the short-interest ratio is presently 0.1 days.

Neuberger Berman Short Duration Income ETF Stock Up 0.1%

NYSEARCA:NBSD opened at $50.70 on Friday. The firm’s fifty day simple moving average is $50.60 and its 200-day simple moving average is $50.83. Neuberger Berman Short Duration Income ETF has a fifty-two week low of $50.38 and a fifty-two week high of $51.57.

Institutional Investors Weigh In On Neuberger Berman Short Duration Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new position in Neuberger Berman Short Duration Income ETF in the 1st quarter valued at approximately $46,000. Comerica Bank acquired a new stake in Neuberger Berman Short Duration Income ETF in the third quarter valued at $102,000. NWF Advisory Services Inc. acquired a new stake in Neuberger Berman Short Duration Income ETF in the fourth quarter valued at $205,000. Fifth Third Bancorp purchased a new position in shares of Neuberger Berman Short Duration Income ETF in the first quarter valued at $205,000. Finally, Magnolia Capital Advisors LLC acquired a new position in shares of Neuberger Berman Short Duration Income ETF during the 4th quarter worth $205,000.

Neuberger Berman Short Duration Income ETF Company Profile

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.