Short Interest in Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) Expands By 124.3%

Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 34,096 shares, a growth of 124.3% from the January 29th total of 15,204 shares. Based on an average trading volume of 197,895 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 197,895 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Neuberger Berman Short Duration Income ETF

Hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. acquired a new stake in shares of Neuberger Berman Short Duration Income ETF during the third quarter worth $50,000. Comerica Bank acquired a new stake in Neuberger Berman Short Duration Income ETF during the 3rd quarter worth about $102,000. J.W. Cole Advisors Inc. acquired a new stake in Neuberger Berman Short Duration Income ETF during the 2nd quarter worth about $200,000. Relyea Zuckerberg Hanson LLC purchased a new stake in Neuberger Berman Short Duration Income ETF during the third quarter valued at about $202,000. Finally, Magnolia Capital Advisors LLC acquired a new position in shares of Neuberger Berman Short Duration Income ETF in the fourth quarter worth about $205,000.

Neuberger Berman Short Duration Income ETF Stock Down 0.0%

Shares of NBSD opened at $51.22 on Friday. The firm’s 50 day moving average is $51.26 and its 200-day moving average is $51.22. Neuberger Berman Short Duration Income ETF has a 12-month low of $49.63 and a 12-month high of $51.57.

Neuberger Berman Short Duration Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th will be issued a $0.1703 dividend. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 4.0%.

About Neuberger Berman 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.