Neuberger Commodity Strategy ETF (NYSEARCA:NBCM) Short Interest Up 140.5% in August

Neuberger Commodity Strategy ETF (NYSEARCA:NBCM) was the recipient of a significant growth in short interest in the month of 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. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 49,132 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of Neuberger Commodity Strategy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Neuberger Commodity Strategy ETF by 68.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,064,944 shares of the company’s stock worth $24,094,000 after purchasing an additional 433,290 shares during the period. IAG Wealth Partners LLC increased its position in shares of Neuberger Commodity Strategy ETF by 8.5% during the fourth 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. World Investment Advisors bought a new stake in shares of Neuberger Commodity Strategy ETF during the first quarter valued at about $1,412,000. Bank of America Corp DE purchased a new stake in shares of Neuberger Commodity Strategy ETF in the first quarter worth about $384,000. Finally, HB Wealth Management LLC bought a new position in shares of Neuberger Commodity Strategy ETF in the second quarter valued at approximately $257,000.

Neuberger Commodity Strategy ETF Stock Performance

Shares of NBCM stock traded down $0.10 during trading on Monday, reaching $31.55. 188,286 shares of the company’s stock traded hands, compared to its average volume of 70,923. The firm’s 50-day moving average is $29.40 and its 200 day moving average is $28.56. Neuberger Commodity Strategy ETF has a 1 year low of $22.13 and a 1 year high of $32.52.

Neuberger Commodity Strategy ETF Company Profile

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.