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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its position in Neuberger Short Duration Income ETF by 250.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 33,289 shares of the company’s stock worth $1,688,000 after buying an additional 23,785 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Neuberger Short Duration Income ETF by 115.2% in the first quarter. Private Advisor Group LLC now owns 53,308 shares of the company’s stock worth $2,703,000 after acquiring an additional 28,531 shares during the period. Clearstead Trust LLC purchased a new stake in Neuberger Short Duration Income ETF during the first quarter valued at approximately $587,000. Robinson Smith Wealth Advisors LLC grew its stake in shares of Neuberger Short Duration Income ETF by 10.8% during the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 110,652 shares of the company’s stock valued at $5,611,000 after acquiring an additional 10,802 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of Neuberger Short Duration Income ETF by 21.0% in the first quarter. NewEdge Advisors LLC now owns 63,666 shares of the company’s stock valued at $3,228,000 after acquiring an additional 11,050 shares in the last quarter.

Neuberger Short Duration Income ETF Trading Up 0.2%

Neuberger Short Duration Income ETF stock traded up $0.10 during mid-day trading on Friday, hitting $50.05. The company had a trading volume of 329,781 shares, compared to its average volume of 236,045. Neuberger Short Duration Income ETF has a 12 month low of $49.80 and a 12 month high of $51.57. The stock’s 50 day moving average price is $50.18 and its two-hundred day moving average price is $50.68.

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.