Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) Short Interest Down 52.7% in August

Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 29,861 shares, a decrease of 52.7% from the July 30th total of 63,194 shares. Based on an average daily trading volume, of 61,041 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Neuberger Berman Commodity Strategy ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its holdings in Neuberger Berman Commodity Strategy ETF by 8,159.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 631,654 shares of the company’s stock worth $14,860,000 after purchasing an additional 624,006 shares in the last quarter. Private Advisor Group LLC boosted its holdings 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 worth $3,836,000 after buying an additional 90,573 shares in the last quarter. World Investment Advisors acquired a new stake in shares of Neuberger Berman Commodity Strategy ETF during the 1st quarter worth approximately $1,412,000. Osaic Holdings Inc. grew its position in shares of Neuberger Berman Commodity Strategy ETF by 52,496.1% during the 2nd quarter. Osaic Holdings Inc. now owns 26,824 shares of the company’s stock worth $597,000 after buying an additional 26,773 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Neuberger Berman Commodity Strategy ETF by 13.5% in the 4th quarter. LPL Financial LLC now owns 144,286 shares of the company’s stock valued at $3,264,000 after acquiring an additional 17,146 shares in the last quarter.

Neuberger Berman Commodity Strategy ETF Price Performance

NBCM stock traded down $0.01 during midday trading on Friday, hitting $30.42. The stock had a trading volume of 26,629 shares, compared to its average volume of 71,324. The business has a fifty day moving average price of $28.45 and a two-hundred day moving average price of $28.04. Neuberger Berman Commodity Strategy ETF has a 1-year low of $22.13 and a 1-year high of $32.52.

Neuberger Berman 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.