Short Interest in Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) Declines By 62.9%

Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 7,302 shares, a decline of 62.9% from the December 15th total of 19,679 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 63,542 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 63,542 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Neuberger Berman Commodity Strategy ETF by 7.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,878,745 shares of the company’s stock valued at $113,531,000 after purchasing an additional 340,301 shares during the last quarter. NorthCrest Asset Manangement LLC bought a new position in Neuberger Berman Commodity Strategy ETF during the fourth quarter valued at about $338,000. Northwestern Mutual Wealth Management Co. raised its holdings in Neuberger Berman Commodity Strategy ETF by 8,159.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 631,654 shares of the company’s stock valued at $14,860,000 after buying an additional 624,006 shares in the last quarter. Vise Technologies Inc. acquired a new stake in shares of Neuberger Berman Commodity Strategy ETF in the third quarter worth about $223,000. Finally, Private Advisor Group LLC boosted its stake in shares of Neuberger Berman Commodity Strategy ETF by 125.0% during the 3rd quarter. Private Advisor Group LLC now owns 163,044 shares of the company’s stock worth $3,836,000 after acquiring an additional 90,573 shares in the last quarter.

Neuberger Berman Commodity Strategy ETF Trading Up 0.8%

Shares of NYSEARCA NBCM traded up $0.18 during trading hours on Wednesday, hitting $23.87. The stock had a trading volume of 42,765 shares, compared to its average volume of 53,874. The firm’s 50-day moving average price is $23.82 and its two-hundred day moving average price is $23.34. Neuberger Berman Commodity Strategy ETF has a 52 week low of $20.39 and a 52 week high of $26.40.

Neuberger Berman Commodity Strategy ETF Company Profile

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.