Neuberger Commodity Strategy ETF (NYSEARCA:NBCM) Sees Large Decrease in Short Interest

Neuberger Commodity Strategy ETF (NYSEARCA:NBCM) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 42,438 shares, a decline of 71.4% from the September 30th total of 148,387 shares. Based on an average daily volume of 138,846 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Neuberger Commodity Strategy ETF Trading Up 0.1%

Shares of Neuberger Commodity Strategy ETF stock opened at $31.52 on Wednesday. Neuberger Commodity Strategy ETF has a 12-month low of $22.13 and a 12-month high of $32.52. The company has a 50-day simple moving average of $31.25 and a 200 day simple moving average of $28.36.

Institutional Trading of Neuberger Commodity Strategy ETF

Several large investors have recently added to or reduced their stakes in NBCM. World Investment Advisors acquired a new stake in shares of Neuberger Commodity Strategy ETF during the first quarter worth approximately $1,412,000. Bank of America Corp DE bought a new position in shares of Neuberger Commodity Strategy ETF in the first quarter valued at approximately $384,000. HB Wealth Management LLC bought a new position in shares of Neuberger Commodity Strategy ETF in the second quarter valued at approximately $257,000. Finally, Farther Finance Advisors LLC bought a new position in shares of Neuberger Commodity Strategy ETF in the third quarter valued at approximately $190,000.

About Neuberger Commodity Strategy ETF

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.