Short Interest in Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) Grows By 124.3%

Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 34,096 shares, an increase of 124.3% from the January 29th total of 15,204 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 197,895 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 197,895 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Neuberger Berman Short Duration Income ETF

Hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley lifted its stake in Neuberger Berman Short Duration Income ETF by 368.2% in the 4th quarter. Morgan Stanley now owns 2,465,782 shares of the company’s stock valued at $126,209,000 after buying an additional 1,939,140 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Neuberger Berman Short Duration Income ETF by 6,773.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 447,327 shares of the company’s stock worth $22,914,000 after acquiring an additional 440,819 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Neuberger Berman Short Duration Income ETF by 98.9% in the third quarter. Raymond James Financial Inc. now owns 795,080 shares of the company’s stock valued at $40,676,000 after acquiring an additional 395,411 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Neuberger Berman Short Duration Income ETF by 21.6% during the fourth quarter. LPL Financial LLC now owns 1,292,289 shares of the company’s stock valued at $66,144,000 after acquiring an additional 229,531 shares during the last quarter. Finally, Convergence Financial LLC purchased a new stake in Neuberger Berman Short Duration Income ETF during the 3rd quarter worth about $11,399,000.

Neuberger Berman Short Duration Income ETF Price Performance

Shares of NYSEARCA NBSD traded up $0.01 during mid-day trading on Friday, hitting $51.23. 85,533 shares of the company were exchanged, compared to its average volume of 218,060. The stock has a 50 day simple moving average of $51.26 and a 200-day simple moving average of $51.22. Neuberger Berman Short Duration Income ETF has a 1-year low of $49.63 and a 1-year high of $51.57.

Neuberger Berman Short Duration Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were issued a $0.1703 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 4.0%.

About Neuberger Berman Short Duration Income ETF

The Neuberger Berman Short Duration Income ETF (NBSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, investing broadly in the US fixed-income market. The fund seeks the highest available current income, and to a lesser extent, capital appreciation. NBSD was launched on Jun 21, 2010 and is issued by Neuberger Berman.