Neuberger Short Duration Income ETF (NYSEARCA:NBSD) Sees Large Increase in Short Interest

Neuberger Short Duration Income ETF (NYSEARCA:NBSD) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 126,216 shares, a growth of 1,241.2% from the September 15th total of 9,411 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 525,497 shares, the short-interest ratio is currently 0.2 days.

Neuberger Short Duration Income ETF Price Performance

Shares of NYSEARCA NBSD traded up $0.02 during trading hours on Friday, hitting $50.01. 638,123 shares of the company’s stock were exchanged, compared to its average volume of 226,891. The company’s 50-day moving average price is $50.35 and its 200-day moving average price is $50.58. Neuberger Short Duration Income ETF has a 1-year low of $49.80 and a 1-year high of $51.57.

Institutional Investors Weigh In On Neuberger Short Duration Income ETF

Hedge funds have recently modified their holdings of the business. Western Wealth Management LLC acquired a new stake in Neuberger Short Duration Income ETF in the 1st quarter worth $46,000. NWF Advisory Services Inc. acquired a new stake in Neuberger Short Duration Income ETF during the fourth quarter worth about $205,000. Fifth Third Bancorp acquired a new stake in Neuberger Short Duration Income ETF during the first quarter worth about $205,000. Kintra Wealth LLC bought a new position in Neuberger Short Duration Income ETF during the second quarter valued at about $226,000. Finally, Kraft Davis & Associates LLC increased its stake in Neuberger Short Duration Income ETF by 77.6% during the second quarter. Kraft Davis & Associates LLC now owns 11,387 shares of the company’s stock valued at $575,000 after acquiring an additional 4,976 shares during the period.

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.