Neuberger Commodity Strategy ETF (NYSEARCA:NBCM) Stock Short Interest Climbs 171.4%

Neuberger Commodity Strategy ETF (NYSEARCA:NBCM) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 115,173 shares, a growth of 171.4% from the October 15th total of 42,438 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 91,131 shares, the short-interest ratio is presently 1.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC grew its holdings in shares of Neuberger Commodity Strategy ETF by 460.4% in the 3rd quarter. Private Advisor Group LLC now owns 207,317 shares of the company’s stock worth $6,410,000 after acquiring an additional 170,320 shares during the last quarter. Harbour Investments Inc. acquired a new stake in shares of Neuberger Commodity Strategy ETF during the third quarter worth $44,000. IAG Wealth Partners LLC raised its position in shares of Neuberger Commodity Strategy ETF by 7.7% during the third quarter. IAG Wealth Partners LLC now owns 108,029 shares of the company’s stock worth $3,340,000 after purchasing an additional 7,748 shares during the period. Vise Technologies Inc. raised its position in shares of Neuberger Commodity Strategy ETF by 54.2% during the third quarter. Vise Technologies Inc. now owns 79,041 shares of the company’s stock worth $2,444,000 after purchasing an additional 27,796 shares during the period. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Neuberger Commodity Strategy ETF during the third quarter worth $190,000.

Neuberger Commodity Strategy ETF Price Performance

NBCM stock opened at $29.44 on Friday. Neuberger Commodity Strategy ETF has a 12 month low of $22.13 and a 12 month high of $32.52. The firm has a 50 day simple moving average of $31.15 and a 200 day simple moving average of $28.73.

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.