Neuberger Short Duration Income ETF (NYSEARCA:NBSD) Stock Short Interest Drops 71.0%

Neuberger Short Duration Income ETF (NYSEARCA:NBSD – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 36,541 shares, a drop of 71.0% from the September 30th total of 126,216 shares. Based on an average daily trading volume, of 470,498 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Neuberger Short Duration Income ETF Stock Performance

Shares of NYSEARCA NBSD opened at $49.87 on Wednesday. The firm has a 50 day moving average price of $50.21 and a two-hundred day moving average price of $50.70. Neuberger Short Duration Income ETF has a 52-week low of $49.80 and a 52-week high of $51.57.

Institutional Investors Weigh In On Neuberger Short Duration Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in NBSD. Western Wealth Management LLC bought a new stake in Neuberger Short Duration Income ETF in the first quarter valued at approximately $46,000. Fifth Third Bancorp bought a new stake in shares of Neuberger Short Duration Income ETF in the 1st quarter valued at $205,000. Kintra Wealth LLC bought a new stake in shares of Neuberger Short Duration Income ETF in the 2nd quarter valued at $226,000. Mayfair Advisory Group LLC acquired a new stake in shares of Neuberger Short Duration Income ETF during the third quarter worth $302,000. Finally, Kraft Davis & Associates LLC increased its position in shares of Neuberger Short Duration Income ETF by 77.6% during the second quarter. Kraft Davis & Associates LLC now owns 11,387 shares of the company’s stock worth $575,000 after buying an additional 4,976 shares during the period.

Neuberger Short Duration Income ETF Company Profile

(Get Free Report)

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.

Further Reading

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