Neuberger Commodity Strategy ETF (NYSEARCA:NBCM) Stock Short Interest Climbs 171.4%

Neuberger Commodity Strategy ETF (NYSEARCA:NBCM) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 115,173 shares, a growth of 171.4% from the October 15th total of 42,438 shares. Based on an average daily volume of 91,131 shares, the short-interest ratio is currently 1.3 days. Approximately 0.6% of the company’s stock are short sold.

Neuberger Commodity Strategy ETF Trading Up 0.3%

Neuberger Commodity Strategy ETF stock opened at $29.44 on Friday. The firm’s 50 day moving average price is $31.15 and its two-hundred day moving average price is $28.73. Neuberger Commodity Strategy ETF has a twelve month low of $22.13 and a twelve month high of $32.52.

Hedge Funds Weigh In On Neuberger Commodity Strategy ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Vise Technologies Inc. increased its stake in shares of Neuberger Commodity Strategy ETF by 54.2% in the third quarter. Vise Technologies Inc. now owns 79,041 shares of the company’s stock worth $2,444,000 after acquiring an additional 27,796 shares during the last quarter. Harbour Investments Inc. purchased a new stake in shares of Neuberger Commodity Strategy ETF during the third quarter worth $44,000. Private Advisor Group LLC boosted its position in Neuberger Commodity Strategy ETF by 460.4% during the third quarter. Private Advisor Group LLC now owns 207,317 shares of the company’s stock valued at $6,410,000 after purchasing an additional 170,320 shares during the last quarter. IAG Wealth Partners LLC boosted its position in Neuberger Commodity Strategy ETF by 7.7% during the third quarter. IAG Wealth Partners LLC now owns 108,029 shares of the company’s stock valued at $3,340,000 after purchasing an additional 7,748 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in Neuberger Commodity Strategy ETF during the third quarter valued at $190,000.

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.