Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) Sees Large Decline in Short Interest

Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 26,393 shares, a decrease of 17.8% from the March 31st total of 32,097 shares. Based on an average daily volume of 60,730 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Neuberger Berman Commodity Strategy ETF Price Performance

Shares of Neuberger Berman Commodity Strategy ETF stock traded up $0.04 during trading hours on Thursday, hitting $29.70. 38,215 shares of the company were exchanged, compared to its average volume of 68,929. Neuberger Berman Commodity Strategy ETF has a 1 year low of $21.27 and a 1 year high of $30.22. The business has a 50-day moving average of $27.59 and a 200-day moving average of $25.24.

Institutional Investors Weigh In On Neuberger Berman Commodity Strategy ETF

Several large investors have recently modified their holdings of NBCM. Royal Bank of Canada purchased a new stake in shares of Neuberger Berman Commodity Strategy ETF during the fourth quarter worth approximately $64,000. Vise Technologies Inc. purchased a new stake in shares of Neuberger Berman Commodity Strategy ETF during the third quarter worth approximately $223,000. NorthCrest Asset Manangement LLC purchased a new stake in shares of Neuberger Berman Commodity Strategy ETF in the fourth quarter valued at approximately $338,000. Osaic Holdings Inc. boosted its stake in shares of Neuberger Berman Commodity Strategy ETF by 52,496.1% in the second quarter. Osaic Holdings Inc. now owns 26,824 shares of the company’s stock valued at $597,000 after buying an additional 26,773 shares in the last quarter. Finally, World Investment Advisors purchased a new stake in shares of Neuberger Berman Commodity Strategy ETF in the first quarter valued at approximately $1,412,000.

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.