Short Interest in Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) Declines By 71.1%

Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 4,324 shares, a decrease of 71.1% from the February 26th total of 14,954 shares. Based on an average daily volume of 170,271 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Neuberger Berman Short Duration Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NBSD. Morgan Stanley lifted its position in Neuberger Berman Short Duration Income ETF by 368.2% in the 4th quarter. Morgan Stanley now owns 2,465,782 shares of the company’s stock worth $126,209,000 after buying an additional 1,939,140 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Neuberger Berman Short Duration Income ETF by 6,773.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 447,327 shares of the company’s stock valued at $22,914,000 after acquiring an additional 440,819 shares during the last quarter. Raymond James Financial Inc. grew its position in Neuberger Berman Short Duration Income ETF by 98.9% during the third quarter. Raymond James Financial Inc. now owns 795,080 shares of the company’s stock valued at $40,676,000 after acquiring an additional 395,411 shares during the last quarter. LPL Financial LLC raised its stake in shares of Neuberger Berman Short Duration Income ETF by 21.6% during the fourth quarter. LPL Financial LLC now owns 1,292,289 shares of the company’s stock worth $66,144,000 after acquiring an additional 229,531 shares in the last quarter. Finally, Convergence Financial LLC purchased a new position in shares of Neuberger Berman Short Duration Income ETF during the third quarter worth approximately $11,399,000.

Neuberger Berman Short Duration Income ETF Stock Up 0.1%

NYSEARCA:NBSD traded up $0.03 during trading hours on Wednesday, hitting $50.80. The stock had a trading volume of 110,415 shares, compared to its average volume of 196,963. The company has a 50 day simple moving average of $51.19 and a two-hundred day simple moving average of $51.20. Neuberger Berman Short Duration Income ETF has a one year low of $49.63 and a one year high of $51.57.

Neuberger Berman Short Duration Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were given a $0.1703 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Tuesday, February 24th.

About Neuberger Berman 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.