Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) Sees Significant Growth in Short Interest

Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 59,241 shares, a growth of 158.7% from the May 31st total of 22,901 shares. Based on an average daily trading volume, of 154,220 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

Neuberger Berman Short Duration Income ETF Stock Performance

NBSD stock opened at $50.48 on Monday. The business has a fifty day simple moving average of $50.74 and a 200-day simple moving average of $50.98. Neuberger Berman Short Duration Income ETF has a 52 week low of $50.42 and a 52 week high of $51.57.

Institutional Investors Weigh In On Neuberger Berman Short Duration Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new position in shares of Neuberger Berman Short Duration Income ETF in the 1st quarter valued at about $46,000. Comerica Bank purchased a new stake in shares of Neuberger Berman Short Duration Income ETF during the 3rd quarter worth about $102,000. NWF Advisory Services Inc. purchased a new stake in shares of Neuberger Berman Short Duration Income ETF during the 4th quarter worth about $205,000. Magnolia Capital Advisors LLC acquired a new stake in Neuberger Berman Short Duration Income ETF during the 4th quarter worth approximately $205,000. Finally, Fifth Third Bancorp acquired a new stake in Neuberger Berman Short Duration Income ETF during the 1st quarter worth approximately $205,000.

Neuberger Berman Short Duration Income ETF Company Profile

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.