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
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.
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