Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) Short Interest Up 285.4% in May

Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 28,835 shares, an increase of 285.4% from the April 30th total of 7,481 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 133,120 shares, the days-to-cover ratio is currently 0.2 days.

Neuberger Berman Short Duration Income ETF Price Performance

NBSD traded down $0.01 during trading on Friday, reaching $50.67. 55,864 shares of the stock were exchanged, compared to its average volume of 175,399. The stock’s 50 day moving average price is $50.79 and its two-hundred day moving average price is $51.06. Neuberger Berman Short Duration Income ETF has a twelve month low of $50.42 and a twelve month high of $51.57.

Hedge Funds Weigh In On Neuberger Berman Short Duration Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Convergence Financial LLC bought a new stake in Neuberger Berman Short Duration Income ETF during the 3rd quarter valued at $11,399,000. Round Rock Advisors LLC lifted its stake in shares of Neuberger Berman Short Duration Income ETF by 35.1% in the fourth quarter. Round Rock Advisors LLC now owns 226,835 shares of the company’s stock valued at $11,610,000 after buying an additional 58,943 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Neuberger Berman Short Duration Income ETF by 6,773.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 447,327 shares of the company’s stock valued at $22,914,000 after buying an additional 440,819 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Neuberger Berman Short Duration Income ETF by 1,622.9% during the third quarter. J.W. Cole Advisors Inc. now owns 67,760 shares of the company’s stock valued at $3,467,000 after buying an additional 63,827 shares during the last quarter. Finally, Sagespring Wealth Partners LLC bought a new stake in shares of Neuberger Berman Short Duration Income ETF during the fourth quarter worth about $575,000.

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.