Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) Sees Significant Growth in Short Interest

Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 19,679 shares, an increase of 49.4% from the November 30th total of 13,171 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 61,435 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 61,435 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Neuberger Berman Commodity Strategy ETF Price Performance

Shares of NYSEARCA NBCM traded up $0.27 during mid-day trading on Tuesday, hitting $23.10. The company had a trading volume of 63,491 shares, compared to its average volume of 41,788. Neuberger Berman Commodity Strategy ETF has a 1 year low of $20.39 and a 1 year high of $26.40. The stock’s 50-day moving average price is $24.01 and its 200-day moving average price is $23.30.

Hedge Funds Weigh In On Neuberger Berman Commodity Strategy ETF

A number of large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in Neuberger Berman Commodity Strategy ETF by 8,159.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 631,654 shares of the company’s stock worth $14,860,000 after acquiring an additional 624,006 shares during the period. Vise Technologies Inc. bought a new position in shares of Neuberger Berman Commodity Strategy ETF in the third quarter worth $223,000. Private Advisor Group LLC raised its position in shares of Neuberger Berman Commodity Strategy ETF by 125.0% in the third quarter. Private Advisor Group LLC now owns 163,044 shares of the company’s stock worth $3,836,000 after buying an additional 90,573 shares in the last quarter. IAG Wealth Partners LLC boosted its stake in Neuberger Berman Commodity Strategy ETF by 10.5% during the third quarter. IAG Wealth Partners LLC now owns 137,575 shares of the company’s stock valued at $3,236,000 after buying an additional 13,082 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Neuberger Berman Commodity Strategy ETF by 4.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,538,444 shares of the company’s stock valued at $108,287,000 after buying an additional 207,143 shares during the period.

Neuberger Berman 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.