Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) Sees Significant Growth in Short Interest

Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 59,241 shares, an increase of 158.7% from the May 31st total of 22,901 shares. Based on an average daily volume of 154,220 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are sold short.

Neuberger Berman Short Duration Income ETF Stock Performance

NBSD stock opened at $50.48 on Monday. Neuberger Berman Short Duration Income ETF has a 52-week low of $50.42 and a 52-week high of $51.57. The stock’s fifty day simple moving average is $50.74 and its 200-day simple moving average is $50.98.

Institutional Trading of Neuberger Berman Short Duration Income ETF

A number of hedge funds have recently added to or reduced their stakes in NBSD. Western Wealth Management LLC acquired a new position in shares of Neuberger Berman Short Duration Income ETF during the 1st quarter valued at about $46,000. Comerica Bank acquired a new stake in shares of Neuberger Berman Short Duration Income ETF in the third quarter worth approximately $102,000. NWF Advisory Services Inc. purchased a new stake in Neuberger Berman Short Duration Income ETF in the fourth quarter valued at approximately $205,000. Magnolia Capital Advisors LLC purchased a new stake in Neuberger Berman Short Duration Income ETF in the fourth quarter valued at approximately $205,000. Finally, Fifth Third Bancorp acquired a new position in Neuberger Berman Short Duration Income ETF during the first quarter worth approximately $205,000.

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.