Neuberger Commodity Strategy ETF (NYSEARCA:NBCM – Get Free Report) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 148,387 shares, an increase of 228.6% from the September 15th total of 45,153 shares. Based on an average daily volume of 74,379 shares, the short-interest ratio is presently 2.0 days. Approximately 0.9% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new position in Neuberger Commodity Strategy ETF during the 3rd quarter worth $190,000. HB Wealth Management LLC bought a new stake in Neuberger Commodity Strategy ETF during the second quarter valued at about $257,000. Bank of America Corp DE bought a new stake in Neuberger Commodity Strategy ETF during the first quarter valued at about $384,000. Finally, World Investment Advisors acquired a new stake in shares of Neuberger Commodity Strategy ETF in the first quarter valued at about $1,412,000.
Neuberger Commodity Strategy ETF Trading Up 0.9%
Shares of NYSEARCA:NBCM traded up $0.29 during trading on Monday, reaching $31.74. The stock had a trading volume of 67,929 shares, compared to its average volume of 74,978. Neuberger Commodity Strategy ETF has a 52 week low of $22.13 and a 52 week high of $32.52. The stock has a fifty day simple moving average of $30.66 and a two-hundred day simple moving average of $29.19.
About Neuberger 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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