Neuberger Short Duration Income ETF (NYSEARCA:NBSD) Short Interest Up 94.4% in August

Neuberger Short Duration Income ETF (NYSEARCA:NBSD) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 63,730 shares, a growth of 94.4% from the August 15th total of 32,790 shares. Based on an average daily volume of 250,770 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are sold short.

Neuberger Short Duration Income ETF Price Performance

NYSEARCA NBSD traded up $0.01 during trading hours on Tuesday, reaching $50.18. 236,554 shares of the company’s stock were exchanged, compared to its average volume of 199,722. The company’s 50-day moving average is $50.55 and its two-hundred day moving average is $50.71. Neuberger Short Duration Income ETF has a one year low of $50.17 and a one year high of $51.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new position in Neuberger Short Duration Income ETF during the 1st quarter worth about $46,000. Manchester Financial Inc. raised its stake in shares of Neuberger Short Duration Income ETF by 3.6% in the 4th quarter. Manchester Financial Inc. now owns 36,005 shares of the company’s stock valued at $1,843,000 after purchasing an additional 1,237 shares during the period. Triumph Capital Management lifted its holdings in shares of Neuberger Short Duration Income ETF by 18.7% in the second quarter. Triumph Capital Management now owns 20,148 shares of the company’s stock valued at $1,018,000 after purchasing an additional 3,171 shares in the last quarter. NWF Advisory Services Inc. acquired a new position in shares of Neuberger Short Duration Income ETF during the fourth quarter worth about $205,000. Finally, Fifth Third Bancorp acquired a new position in shares of Neuberger Short Duration Income ETF during the first quarter worth about $205,000.

About Neuberger Short Duration Income ETF

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.