Short Interest in Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) Decreases By 71.1%

Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 4,324 shares, a drop of 71.1% from the February 26th total of 14,954 shares. Based on an average daily volume of 170,271 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Neuberger Berman Short Duration Income ETF Stock Down 0.7%

Shares of NYSEARCA:NBSD traded down $0.38 during midday trading on Thursday, hitting $50.42. The stock had a trading volume of 205,317 shares, compared to its average volume of 197,107. Neuberger Berman Short Duration Income ETF has a 1 year low of $49.63 and a 1 year high of $51.57. The stock has a 50 day moving average price of $51.16 and a two-hundred day moving average price of $51.20.

Neuberger Berman Short Duration Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were issued a $0.1703 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

Hedge Funds Weigh In On Neuberger Berman Short Duration Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank raised its holdings in Neuberger Berman Short Duration Income ETF by 40.0% in the 4th quarter. Comerica Bank now owns 2,800 shares of the company’s stock valued at $143,000 after acquiring an additional 800 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Neuberger Berman Short Duration Income ETF in the third quarter valued at $50,000. MGO One Seven LLC increased its stake in Neuberger Berman Short Duration Income ETF by 20.7% in the fourth quarter. MGO One Seven LLC now owns 6,717 shares of the company’s stock valued at $344,000 after purchasing an additional 1,153 shares during the last quarter. Manchester Financial Inc. lifted its position in Neuberger Berman Short Duration Income ETF by 3.6% during the fourth quarter. Manchester Financial Inc. now owns 36,005 shares of the company’s stock worth $1,843,000 after buying an additional 1,237 shares during the period. Finally, Wetzel Investment Advisors Inc. lifted its position in Neuberger Berman Short Duration Income ETF by 13.3% during the third quarter. Wetzel Investment Advisors Inc. now owns 10,916 shares of the company’s stock worth $558,000 after buying an additional 1,284 shares during the period.

Neuberger Berman 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.