Neuberger Commodity Strategy ETF (NYSEARCA:NBCM) Shares Shorted: Short Interest Down 37.1% in September

Neuberger Commodity Strategy ETF (NYSEARCA:NBCM) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 45,153 shares, a drop of 37.1% from the August 31st total of 71,811 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 84,523 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NBCM. HB Wealth Management LLC purchased a new position in Neuberger Commodity Strategy ETF during the 2nd quarter worth approximately $257,000. Bank of America Corp DE purchased a new stake in shares of Neuberger Commodity Strategy ETF in the 1st quarter valued at $384,000. Finally, World Investment Advisors acquired a new stake in shares of Neuberger Commodity Strategy ETF in the first quarter worth $1,412,000.

Neuberger Commodity Strategy ETF Price Performance

Shares of NBCM traded down $0.04 during trading hours on Thursday, reaching $30.89. 6,796 shares of the company traded hands, compared to its average volume of 71,600. The business has a fifty day moving average price of $30.30 and a 200-day moving average price of $29.03. Neuberger Commodity Strategy ETF has a 12-month low of $22.13 and a 12-month high of $32.52.

Neuberger Commodity Strategy ETF Company Profile

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.