Neuberger Commodity Strategy ETF (NYSEARCA:NBCM – Get Free Report) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 45,153 shares, a decrease of 37.1% from the August 31st total of 71,811 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 84,523 shares, the days-to-cover ratio is presently 0.5 days.
Neuberger Commodity Strategy ETF Stock Down 0.3%
NBCM opened at $31.02 on Friday. Neuberger Commodity Strategy ETF has a 12 month low of $22.13 and a 12 month high of $32.52. The company has a 50 day moving average of $30.38 and a 200 day moving average of $29.06.
Hedge Funds Weigh In On Neuberger Commodity Strategy ETF
A number of large investors have recently made changes to their positions in NBCM. World Investment Advisors bought a new stake in shares of Neuberger Commodity Strategy ETF during the 1st quarter valued at $1,412,000. Bank of America Corp DE purchased a new stake in Neuberger Commodity Strategy ETF during the 1st quarter worth about $384,000. Finally, HB Wealth Management LLC purchased a new stake in Neuberger Commodity Strategy ETF during the 2nd quarter worth about $257,000.
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.
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