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

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

Neuberger Short Duration Income ETF Price Performance

Shares of NBSD traded up $0.01 during mid-day trading on Tuesday, hitting $50.18. 236,554 shares of the company’s stock were exchanged, compared to its average volume of 199,722. Neuberger Short Duration Income ETF has a 52 week low of $50.17 and a 52 week high of $51.57. The company has a 50-day simple moving average of $50.55 and a 200 day simple moving average of $50.71.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new stake in Neuberger Short Duration Income ETF in the 1st quarter valued at $46,000. NWF Advisory Services Inc. acquired a new position in shares of Neuberger Short Duration Income ETF during the 4th quarter worth about $205,000. Fifth Third Bancorp bought a new position in shares of Neuberger Short Duration Income ETF in the 1st quarter valued at about $205,000. Kintra Wealth LLC bought a new position in shares of Neuberger Short Duration Income ETF in the 2nd quarter valued at about $226,000. Finally, Kraft Davis & Associates LLC grew its holdings in shares of Neuberger Short Duration Income ETF by 77.6% in the 2nd quarter. Kraft Davis & Associates LLC now owns 11,387 shares of the company’s stock valued at $575,000 after acquiring an additional 4,976 shares in the last quarter.

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.