Short Interest in Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) Grows By 1,166.6%

Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 250,064 shares, an increase of 1,166.6% from the February 12th total of 19,743 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily volume of 66,774 shares, the short-interest ratio is currently 3.7 days. Based on an average daily volume of 66,774 shares, the short-interest ratio is currently 3.7 days. Approximately 1.9% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in Neuberger Berman Commodity Strategy ETF by 4.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,538,444 shares of the company’s stock worth $108,287,000 after acquiring an additional 207,143 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Neuberger Berman Commodity Strategy ETF by 68.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,064,944 shares of the company’s stock valued at $24,094,000 after purchasing an additional 433,290 shares in the last quarter. Royal Bank of Canada purchased a new stake in shares of Neuberger Berman Commodity Strategy ETF during the 4th quarter worth about $64,000. Private Advisor Group LLC grew its holdings in shares of Neuberger Berman Commodity Strategy ETF by 32.5% during the 4th quarter. Private Advisor Group LLC now owns 215,989 shares of the company’s stock worth $4,887,000 after purchasing an additional 52,945 shares during the period. Finally, LPL Financial LLC increased its position in Neuberger Berman Commodity Strategy ETF by 13.5% during the 4th quarter. LPL Financial LLC now owns 144,286 shares of the company’s stock worth $3,264,000 after purchasing an additional 17,146 shares in the last quarter.

Neuberger Berman Commodity Strategy ETF Stock Up 2.1%

Shares of NBCM traded up $0.59 during mid-day trading on Thursday, reaching $28.44. The company had a trading volume of 131,386 shares, compared to its average volume of 68,681. Neuberger Berman Commodity Strategy ETF has a fifty-two week low of $20.39 and a fifty-two week high of $28.54. The firm has a fifty day simple moving average of $24.58 and a 200-day simple moving average of $24.01.

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.