Short Interest in Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) Drops By 62.0%

Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 15,321 shares, a decline of 62.0% from the July 15th total of 40,354 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 150,640 shares, the short-interest ratio is presently 0.1 days.

Neuberger Berman Short Duration Income ETF Trading Down 0.0%

Shares of NBSD traded down $0.02 during mid-day trading on Friday, reaching $50.68. The company’s stock had a trading volume of 141,128 shares, compared to its average volume of 180,838. Neuberger Berman Short Duration Income ETF has a 12-month low of $50.38 and a 12-month high of $51.57. The company’s 50 day moving average is $50.60 and its 200 day moving average is $50.83.

Institutional Inflows and Outflows

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

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.