Neuberger Commodity Strategy ETF (NYSEARCA:NBCM) Sees Large Increase in Short Interest

Neuberger Commodity Strategy ETF (NYSEARCA:NBCM) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 71,811 shares, a growth of 140.5% from the August 15th total of 29,861 shares. Based on an average daily volume of 49,132 shares, the short-interest ratio is currently 1.5 days. Approximately 0.4% of the shares of the stock are short sold.

Neuberger Commodity Strategy ETF Stock Performance

NBCM stock traded down $0.34 during trading on Friday, hitting $31.65. The company had a trading volume of 75,159 shares, compared to its average volume of 70,249. Neuberger Commodity Strategy ETF has a 12 month low of $22.13 and a 12 month high of $32.52. The firm has a 50-day moving average price of $29.40 and a 200-day moving average price of $28.53.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. grew its position in shares of Neuberger Commodity Strategy ETF by 52,496.1% during the 2nd quarter. Osaic Holdings Inc. now owns 26,824 shares of the company’s stock worth $597,000 after buying an additional 26,773 shares during the period. Private Advisor Group LLC boosted its position in shares of Neuberger Commodity Strategy ETF by 125.0% during the third quarter. Private Advisor Group LLC now owns 163,044 shares of the company’s stock worth $3,836,000 after purchasing an additional 90,573 shares in the last quarter. Vise Technologies Inc. acquired a new position in shares of Neuberger Commodity Strategy ETF in the 3rd quarter valued at $223,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Neuberger 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 valued at $14,860,000 after buying an additional 624,006 shares during the period. Finally, IAG Wealth Partners LLC grew its holdings in shares of Neuberger Commodity Strategy ETF by 8.5% in the 4th quarter. IAG Wealth Partners LLC now owns 149,246 shares of the company’s stock valued at $3,377,000 after buying an additional 11,671 shares during the period.

About Neuberger 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.