Neuberger Short Duration Income ETF (NYSEARCA:NBSD) Sees Large Increase in Short Interest

Neuberger Short Duration Income ETF (NYSEARCA:NBSD) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 63,730 shares, a growth of 94.4% from the August 15th total of 32,790 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 250,770 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Neuberger Short Duration Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of NBSD. Bank of America Corp DE lifted its holdings in Neuberger Short Duration Income ETF by 64.9% during the 1st quarter. Bank of America Corp DE now owns 1,185,945 shares of the company’s stock valued at $60,139,000 after buying an additional 466,842 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in Neuberger Short Duration Income ETF by 4.7% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 406,288 shares of the company’s stock worth $20,520,000 after purchasing an additional 18,391 shares during the period. Round Rock Advisors LLC increased its holdings in Neuberger Short Duration Income ETF by 3.8% during the 2nd quarter. Round Rock Advisors LLC now owns 257,509 shares of the company’s stock worth $13,006,000 after purchasing an additional 9,318 shares during the period. Convergence Financial LLC raised its position in Neuberger Short Duration Income ETF by 5.9% during the 4th quarter. Convergence Financial LLC now owns 235,953 shares of the company’s stock valued at $12,077,000 after purchasing an additional 13,142 shares in the last quarter. Finally, Robinson Smith Wealth Advisors LLC raised its position in Neuberger Short Duration Income ETF by 10.8% during the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 110,652 shares of the company’s stock valued at $5,611,000 after purchasing an additional 10,802 shares in the last quarter.

Neuberger Short Duration Income ETF Stock Performance

Neuberger Short Duration Income ETF stock traded up $0.01 during midday trading on Wednesday, reaching $50.20. The stock had a trading volume of 338,617 shares, compared to its average volume of 200,252. Neuberger Short Duration Income ETF has a 52-week low of $50.15 and a 52-week high of $51.57. The company has a fifty day moving average of $50.55 and a 200 day moving average of $50.70.

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.