Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) Short Interest Down 62.9% in December

Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 7,302 shares, a drop of 62.9% from the December 15th total of 19,679 shares. Based on an average daily trading volume, of 63,542 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 63,542 shares, the days-to-cover ratio is presently 0.1 days.

Neuberger Berman Commodity Strategy ETF Stock Performance

Shares of NBCM traded down $0.14 during midday trading on Friday, hitting $23.59. 83,913 shares of the stock traded hands, compared to its average volume of 55,674. Neuberger Berman Commodity Strategy ETF has a 1-year low of $20.39 and a 1-year high of $26.40. The business’s 50 day moving average price is $23.82 and its two-hundred day moving average price is $23.34.

Hedge Funds Weigh In On Neuberger Berman Commodity Strategy ETF

Several hedge funds have recently bought and sold shares of NBCM. Wealth Enhancement Advisory Services LLC increased its position in shares of Neuberger Berman Commodity Strategy ETF by 7.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,878,745 shares of the company’s stock valued at $113,531,000 after purchasing an additional 340,301 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Neuberger Berman Commodity Strategy ETF by 8,159.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 631,654 shares of the company’s stock valued at $14,860,000 after purchasing an additional 624,006 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Neuberger Berman Commodity Strategy ETF by 125.0% during the third quarter. Private Advisor Group LLC now owns 163,044 shares of the company’s stock worth $3,836,000 after acquiring an additional 90,573 shares in the last quarter. IAG Wealth Partners LLC lifted its holdings in shares of Neuberger Berman Commodity Strategy ETF by 10.5% in the third quarter. IAG Wealth Partners LLC now owns 137,575 shares of the company’s stock valued at $3,236,000 after purchasing an additional 13,082 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Neuberger Berman Commodity Strategy ETF by 52,496.1% in the 2nd quarter. Osaic Holdings Inc. now owns 26,824 shares of the company’s stock valued at $597,000 after acquiring an additional 26,773 shares in the last quarter.

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.