Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) Sees Large Increase in Short Interest

Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 32,897 shares, an increase of 99.0% from the December 31st total of 16,535 shares. Based on an average daily volume of 181,019 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 181,019 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new stake in Neuberger Berman Short Duration Income ETF in the 3rd quarter worth approximately $50,000. Comerica Bank purchased a new stake in shares of Neuberger Berman Short Duration Income ETF during the 3rd quarter valued at about $102,000. J.W. Cole Advisors Inc. bought a new position in shares of Neuberger Berman Short Duration Income ETF in the 2nd quarter worth approximately $200,000. Relyea Zuckerberg Hanson LLC purchased a new position in shares of Neuberger Berman Short Duration Income ETF in the third quarter worth approximately $202,000. Finally, Robinson Smith Wealth Advisors LLC bought a new stake in Neuberger Berman Short Duration Income ETF during the second quarter valued at approximately $227,000.

Neuberger Berman Short Duration Income ETF Stock Up 0.1%

Shares of NBSD stock traded up $0.04 during mid-day trading on Friday, hitting $51.26. The company’s stock had a trading volume of 236,774 shares, compared to its average volume of 204,494. Neuberger Berman Short Duration Income ETF has a 52-week low of $49.63 and a 52-week high of $51.57. The business has a 50-day moving average price of $51.20 and a 200 day moving average price of $51.18.

Neuberger Berman Short Duration Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th will be issued a dividend of $0.1977 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, January 27th.

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.