Neuberger Option Strategy ETF (NYSEARCA:NBOS) Shares Shorted: Short Interest Up 187.3% in September

Neuberger Option Strategy ETF (NYSEARCA:NBOS) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 397,988 shares, an increase of 187.3% from the August 31st total of 138,550 shares. Based on an average trading volume of 184,462 shares, the short-interest ratio is presently 2.2 days. Approximately 2.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its position in shares of Neuberger Option Strategy ETF by 26.0% in the first quarter. Janney Montgomery Scott LLC now owns 38,050 shares of the company’s stock valued at $1,018,000 after buying an additional 7,850 shares during the last quarter. Fortitude Advisory Group L.L.C. purchased a new position in Neuberger Option Strategy ETF in the second quarter valued at about $319,000. Integrated Wealth Concepts LLC bought a new position in shares of Neuberger Option Strategy ETF during the second quarter worth about $282,000. Compass Financial Management LLC bought a new stake in Neuberger Option Strategy ETF during the second quarter valued at $130,000. Finally, Capital Analysts LLC bought a new position in shares of Neuberger Option Strategy ETF during the second quarter valued at approximately $100,000.

Neuberger Option Strategy ETF Stock Down 0.3%

Shares of NBOS traded down $0.09 during trading on Monday, reaching $28.43. 57,723 shares of the company traded hands, compared to its average volume of 71,550. The stock has a 50-day simple moving average of $28.42 and a 200-day simple moving average of $27.93. Neuberger Option Strategy ETF has a twelve month low of $26.07 and a twelve month high of $29.00. The stock has a market cap of $567.77 million, a PE ratio of 26.11 and a beta of 0.43.

About Neuberger Option Strategy ETF

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.