Short Interest in Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) Grows By 285.4%

Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 28,835 shares, a growth of 285.4% from the April 30th total of 7,481 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 133,120 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Neuberger Berman Short Duration Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC purchased a new position in shares of Neuberger Berman Short Duration Income ETF during the 1st quarter valued at $46,000. Comerica Bank purchased a new stake in Neuberger Berman Short Duration Income ETF in the 3rd quarter worth about $102,000. NWF Advisory Services Inc. purchased a new stake in Neuberger Berman Short Duration Income ETF in the 4th quarter worth about $205,000. Fifth Third Bancorp bought a new stake in Neuberger Berman Short Duration Income ETF in the 1st quarter valued at about $205,000. Finally, Magnolia Capital Advisors LLC bought a new stake in Neuberger Berman Short Duration Income ETF in the 4th quarter valued at about $205,000.

Neuberger Berman Short Duration Income ETF Trading Down 0.0%

NYSEARCA:NBSD traded down $0.01 on Friday, hitting $50.67. The stock had a trading volume of 55,864 shares, compared to its average volume of 175,399. Neuberger Berman Short Duration Income ETF has a 1 year low of $50.42 and a 1 year high of $51.57. The firm’s fifty day simple moving average is $50.79 and its two-hundred day simple moving average is $51.06.

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.