Neuberger Commodity Strategy ETF (NYSEARCA:NBCM – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 148,387 shares, an increase of 228.6% from the September 15th total of 45,153 shares. Based on an average trading volume of 74,379 shares, the short-interest ratio is currently 2.0 days. Currently, 0.9% of the company’s shares are sold short.
Neuberger Commodity Strategy ETF Stock Up 0.1%
Shares of Neuberger Commodity Strategy ETF stock traded up $0.04 during trading hours on Friday, hitting $31.45. The company’s stock had a trading volume of 100,283 shares, compared to its average volume of 75,014. The stock has a 50 day moving average of $30.66 and a 200 day moving average of $29.18. Neuberger Commodity Strategy ETF has a 12 month low of $22.13 and a 12 month high of $32.52.
Hedge Funds Weigh In On Neuberger Commodity Strategy ETF
Several institutional investors and hedge funds have recently modified their holdings of NBCM. Farther Finance Advisors LLC acquired a new stake in Neuberger Commodity Strategy ETF during the 3rd quarter worth approximately $190,000. HB Wealth Management LLC bought a new position in Neuberger Commodity Strategy ETF in the second quarter valued at approximately $257,000. Bank of America Corp DE acquired a new stake in shares of Neuberger Commodity Strategy ETF during the first quarter worth $384,000. Finally, World Investment Advisors acquired a new stake in shares of Neuberger Commodity Strategy ETF during the first quarter worth $1,412,000.
About Neuberger Commodity Strategy ETF
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.
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