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

Neuberger Short Duration Income ETF (NYSEARCA:NBSD) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 36,541 shares, a decrease of 71.0% from the September 30th total of 126,216 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 470,498 shares, the short-interest ratio is presently 0.1 days.

Neuberger Short Duration Income ETF Stock Performance

Shares of NBSD traded up $0.04 during mid-day trading on Thursday, reaching $49.95. 309,044 shares of the company’s stock traded hands, compared to its average volume of 235,629. The business’s 50-day moving average price is $50.18 and its 200-day moving average price is $50.68. Neuberger Short Duration Income ETF has a 12 month low of $49.80 and a 12 month high of $51.57.

Hedge Funds Weigh In On Neuberger Short Duration Income ETF

A number of institutional investors have recently bought and sold shares of NBSD. Robinson Smith Wealth Advisors LLC boosted its stake in Neuberger Short Duration Income ETF by 6.7% in the 3rd quarter. Robinson Smith Wealth Advisors LLC now owns 110,572 shares of the company’s stock worth $5,513,000 after purchasing an additional 6,980 shares during the period. Mayfair Advisory Group LLC purchased a new position in Neuberger Short Duration Income ETF during the 3rd quarter worth approximately $302,000. Triumph Capital Management grew its position in Neuberger Short Duration Income ETF by 6.7% during the 3rd quarter. Triumph Capital Management now owns 21,489 shares of the company’s stock worth $1,071,000 after purchasing an additional 1,341 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in Neuberger Short Duration Income ETF during the 3rd quarter valued at $6,257,000. Finally, Envestnet Asset Management Inc. raised its stake in Neuberger Short Duration Income ETF by 38.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,600 shares of the company’s stock valued at $636,000 after purchasing an additional 3,504 shares during the period.

About Neuberger 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.