Short Interest in Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) Expands By 49.4%

Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 19,679 shares, a growth of 49.4% from the November 30th total of 13,171 shares. Based on an average daily trading volume, of 61,435 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 61,435 shares, the days-to-cover ratio is currently 0.3 days.

Neuberger Berman Commodity Strategy ETF Stock Performance

Shares of NBCM traded down $0.60 during trading hours on Monday, hitting $22.81. 6,889 shares of the company were exchanged, compared to its average volume of 41,584. The firm’s 50 day moving average is $24.04 and its 200-day moving average is $23.30. Neuberger Berman Commodity Strategy ETF has a 52 week low of $20.39 and a 52 week high of $26.40.

Institutional Trading of Neuberger Berman Commodity Strategy ETF

A number of institutional investors and hedge funds have recently modified their holdings of NBCM. Bessemer Group Inc. acquired a new position in Neuberger Berman Commodity Strategy ETF in the 2nd quarter valued at $43,000. Vise Technologies Inc. bought a new stake in Neuberger Berman Commodity Strategy ETF during the third quarter valued at about $223,000. Osaic Holdings Inc. grew its position in shares of Neuberger Berman Commodity Strategy ETF by 52,496.1% in the second quarter. Osaic Holdings Inc. now owns 26,824 shares of the company’s stock valued at $597,000 after purchasing an additional 26,773 shares during the last quarter. IAG Wealth Partners LLC grew its position in shares of Neuberger Berman Commodity Strategy ETF by 4.4% in the second quarter. IAG Wealth Partners LLC now owns 124,493 shares of the company’s stock valued at $2,770,000 after purchasing an additional 5,220 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Neuberger Berman Commodity Strategy ETF by 125.0% in the third quarter. Private Advisor Group LLC now owns 163,044 shares of the company’s stock worth $3,836,000 after purchasing an additional 90,573 shares during the period.

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.