Neuberger Berman Option Strategy ETF (NYSEARCA:NBOS) Short Interest Update

Neuberger Berman Option Strategy ETF (NYSEARCA:NBOS) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 39,120 shares, a decline of 55.0% from the February 26th total of 87,012 shares. Based on an average daily volume of 23,047 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.2% of the shares of the company are sold short.

Neuberger Berman Option Strategy ETF Price Performance

Shares of NYSEARCA NBOS traded down $0.42 during trading hours on Friday, hitting $26.18. 11,489 shares of the stock were exchanged, compared to its average volume of 46,373. Neuberger Berman Option Strategy ETF has a one year low of $22.43 and a one year high of $27.92. The company’s 50 day moving average is $27.37 and its 200 day moving average is $27.16. The firm has a market capitalization of $417.57 million, a P/E ratio of 26.11 and a beta of 0.49.

Neuberger Berman Option Strategy ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were given a $0.1863 dividend. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend was Tuesday, February 24th.

Institutional Trading of Neuberger Berman Option Strategy ETF

Several hedge funds have recently added to or reduced their stakes in the business. AE Wealth Management LLC lifted its holdings in shares of Neuberger Berman Option Strategy ETF by 7.6% during the third quarter. AE Wealth Management LLC now owns 482,764 shares of the company’s stock worth $12,967,000 after buying an additional 33,924 shares during the last quarter. Osaic Holdings Inc. raised its stake in Neuberger Berman Option Strategy ETF by 924.4% during the 2nd quarter. Osaic Holdings Inc. now owns 77,237 shares of the company’s stock valued at $1,977,000 after purchasing an additional 69,697 shares during the last quarter. Brown Advisory Inc. bought a new stake in Neuberger Berman Option Strategy ETF in the 2nd quarter valued at $1,410,000. NewEdge Advisors LLC bought a new stake in Neuberger Berman Option Strategy ETF in the 4th quarter valued at $27,000. Finally, CIBC Private Wealth Group LLC grew its position in Neuberger Berman Option Strategy ETF by 140,400.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,405 shares of the company’s stock worth $38,000 after purchasing an additional 1,404 shares during the last quarter.

Neuberger Berman Option Strategy ETF Company Profile

The Neuberger Berman Option Strategy ETF (NBOS) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that utilizes a cash-secured put writing strategy on US indices. The fund seeks long-term capital appreciation and income. NBOS was launched on Sep 16, 2016 and is issued by Neuberger Berman.