Neuberger Commodity Strategy ETF (NYSEARCA:NBCM) Stock Short Interest Climbs 228.6%

Neuberger Commodity Strategy ETF (NYSEARCA:NBCM) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 148,387 shares, an increase of 228.6% from the September 15th total of 45,153 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 74,379 shares, the short-interest ratio is presently 2.0 days.

Institutional Trading of Neuberger Commodity Strategy ETF

A number of institutional investors have recently modified their holdings of NBCM. World Investment Advisors bought a new position in shares of Neuberger Commodity Strategy ETF during the 1st quarter worth approximately $1,412,000. Bank of America Corp DE bought a new stake in shares of Neuberger Commodity Strategy ETF in the first quarter worth $384,000. HB Wealth Management LLC bought a new stake in shares of Neuberger Commodity Strategy ETF in the second quarter worth $257,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Neuberger Commodity Strategy ETF in the third quarter worth $190,000.

Neuberger Commodity Strategy ETF Price Performance

NBCM stock traded up $0.04 during trading hours on Friday, reaching $31.45. 100,283 shares of the stock were exchanged, compared to its average volume of 75,014. The firm’s 50-day moving average is $30.66 and its 200-day moving average is $29.18. Neuberger Commodity Strategy ETF has a 12 month low of $22.13 and a 12 month high of $32.52.

About Neuberger Commodity Strategy ETF

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.