Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 29,861 shares, a decline of 52.7% from the July 30th total of 63,194 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 61,041 shares, the short-interest ratio is currently 0.5 days.
Neuberger Berman Commodity Strategy ETF Stock Up 1.2%
NBCM stock traded up $0.38 during mid-day trading on Monday, reaching $30.80. 29,035 shares of the stock traded hands, compared to its average volume of 71,069. The business has a 50-day moving average of $28.45 and a two-hundred day moving average of $28.06. Neuberger Berman Commodity Strategy ETF has a 52 week low of $22.13 and a 52 week high of $32.52.
Hedge Funds Weigh In On Neuberger Berman Commodity Strategy ETF
Several large investors have recently made changes to their positions in NBCM. Northwestern Mutual Wealth Management Co. grew its holdings in Neuberger Berman Commodity Strategy ETF by 68.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,064,944 shares of the company’s stock valued at $24,094,000 after buying an additional 433,290 shares during the last quarter. Private Advisor Group LLC increased its position in Neuberger Berman Commodity Strategy ETF by 32.5% in the 4th quarter. Private Advisor Group LLC now owns 215,989 shares of the company’s stock worth $4,887,000 after buying an additional 52,945 shares during the period. IAG Wealth Partners LLC lifted its holdings in shares of Neuberger Berman Commodity Strategy ETF by 8.5% during the fourth quarter. IAG Wealth Partners LLC now owns 149,246 shares of the company’s stock worth $3,377,000 after buying an additional 11,671 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Neuberger Berman Commodity Strategy ETF by 13.5% during the fourth quarter. LPL Financial LLC now owns 144,286 shares of the company’s stock worth $3,264,000 after buying an additional 17,146 shares during the last quarter. Finally, World Investment Advisors bought a new stake in shares of Neuberger Berman Commodity Strategy ETF in the first quarter valued at approximately $1,412,000.
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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