Neuberger Commodity Strategy ETF (NYSEARCA:NBCM – Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 45,153 shares, a drop of 37.1% from the August 31st total of 71,811 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 84,523 shares, the days-to-cover ratio is currently 0.5 days.
Neuberger Commodity Strategy ETF Trading Down 0.1%
Shares of NBCM stock traded down $0.04 during mid-day trading on Thursday, hitting $30.89. 6,796 shares of the stock were exchanged, compared to its average volume of 71,600. The firm has a fifty day moving average of $30.30 and a 200 day moving average of $29.03. Neuberger Commodity Strategy ETF has a 52-week low of $22.13 and a 52-week high of $32.52.
Hedge Funds Weigh In On Neuberger Commodity Strategy ETF
A number of large investors have recently bought and sold shares of NBCM. HB Wealth Management LLC acquired a new stake in Neuberger Commodity Strategy ETF in the second quarter valued at approximately $257,000. Bank of America Corp DE purchased a new stake in shares of Neuberger Commodity Strategy ETF in the first quarter valued at approximately $384,000. Finally, World Investment Advisors acquired a new position in shares of Neuberger Commodity Strategy ETF during the 1st quarter worth approximately $1,412,000.
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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