Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM – Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 26,393 shares, a drop of 17.8% from the March 31st total of 32,097 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 60,730 shares, the days-to-cover ratio is currently 0.4 days.
Neuberger Berman Commodity Strategy ETF Stock Down 0.0%
Shares of NYSEARCA NBCM traded down $0.01 during mid-day trading on Friday, reaching $29.69. 35,308 shares of the company’s stock traded hands, compared to its average volume of 68,524. The business has a 50-day simple moving average of $27.59 and a 200 day simple moving average of $25.24. Neuberger Berman Commodity Strategy ETF has a 1-year low of $21.50 and a 1-year high of $30.22.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in Neuberger Berman Commodity Strategy ETF by 4.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,538,444 shares of the company’s stock worth $108,287,000 after acquiring an additional 207,143 shares during the period. IAG Wealth Partners LLC raised its position in Neuberger Berman Commodity Strategy ETF by 8.5% in the fourth quarter. IAG Wealth Partners LLC now owns 149,246 shares of the company’s stock worth $3,377,000 after acquiring an additional 11,671 shares during the period. World Investment Advisors bought a new stake in Neuberger Berman Commodity Strategy ETF in the first quarter worth about $1,412,000. Royal Bank of Canada bought a new stake in Neuberger Berman Commodity Strategy ETF in the fourth quarter worth about $64,000. Finally, Osaic Holdings Inc. raised its position in Neuberger Berman Commodity Strategy ETF by 52,496.1% in the second quarter. Osaic Holdings Inc. now owns 26,824 shares of the company’s stock worth $597,000 after acquiring an additional 26,773 shares during the period.
About Neuberger Berman 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.
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