Neuberger Short Duration Income ETF (NYSEARCA:NBSD) Stock Short Interest Drops 71.0%

Neuberger Short Duration Income ETF (NYSEARCA:NBSD) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 36,541 shares, a decrease of 71.0% from the September 30th total of 126,216 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 470,498 shares, the days-to-cover ratio is presently 0.1 days.

Neuberger Short Duration Income ETF Price Performance

Shares of NYSEARCA:NBSD opened at $49.87 on Wednesday. The business’s 50-day moving average is $50.21 and its 200-day moving average is $50.70. Neuberger Short Duration Income ETF has a 1 year low of $49.80 and a 1 year high of $51.57.

Institutional Investors Weigh In On Neuberger Short Duration Income ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Robinson Smith Wealth Advisors LLC lifted its stake in Neuberger Short Duration Income ETF by 6.7% in the third quarter. Robinson Smith Wealth Advisors LLC now owns 110,572 shares of the company’s stock valued at $5,513,000 after buying an additional 6,980 shares during the period. Mayfair Advisory Group LLC bought a new stake in shares of Neuberger Short Duration Income ETF in the 3rd quarter valued at $302,000. Triumph Capital Management increased its stake in shares of Neuberger Short Duration Income ETF by 6.7% in the 3rd quarter. Triumph Capital Management now owns 21,489 shares of the company’s stock valued at $1,071,000 after acquiring an additional 1,341 shares in the last quarter. YHB Investment Advisors Inc. bought a new stake in shares of Neuberger Short Duration Income ETF in the 3rd quarter valued at $6,257,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Neuberger Short Duration Income ETF by 38.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,600 shares of the company’s stock valued at $636,000 after acquiring an additional 3,504 shares during the period.

About Neuberger Short Duration Income ETF

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.