Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) Short Interest Down 17.8% in April

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

Neuberger Berman Commodity Strategy ETF Price Performance

NYSEARCA:NBCM traded down $0.01 during mid-day trading on Friday, reaching $29.69. 35,308 shares of the stock were exchanged, compared to its average volume of 68,524. The business has a fifty day moving average price of $27.59 and a 200 day moving average price of $25.24. Neuberger Berman Commodity Strategy ETF has a 1-year low of $21.50 and a 1-year high of $30.22.

Institutional Trading of Neuberger Berman Commodity Strategy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its holdings in Neuberger Berman Commodity Strategy ETF by 52,496.1% during the second quarter. Osaic Holdings Inc. now owns 26,824 shares of the company’s stock worth $597,000 after buying an additional 26,773 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Neuberger Berman Commodity Strategy ETF by 4.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,538,444 shares of the company’s stock valued at $108,287,000 after buying an additional 207,143 shares in the last quarter. IAG Wealth Partners LLC lifted its position in shares of Neuberger Berman Commodity Strategy ETF by 10.5% during the 3rd quarter. IAG Wealth Partners LLC now owns 137,575 shares of the company’s stock valued at $3,236,000 after acquiring an additional 13,082 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Neuberger Berman Commodity Strategy ETF by 125.0% during the 3rd quarter. Private Advisor Group LLC now owns 163,044 shares of the company’s stock valued at $3,836,000 after acquiring an additional 90,573 shares during the last quarter. Finally, Vise Technologies Inc. bought a new stake in shares of Neuberger Berman Commodity Strategy ETF during the 3rd quarter worth $223,000.

About Neuberger Berman 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.