Neuberger Berman Option Strategy ETF (NYSEARCA:NBOS) Sees Large Drop in Short Interest

Neuberger Berman Option Strategy ETF (NYSEARCA:NBOS) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 191,459 shares, a decline of 74.6% from the July 15th total of 753,835 shares. Based on an average daily volume of 39,521 shares, the days-to-cover ratio is currently 4.8 days. Currently, 1.1% of the shares of the stock are short sold.

Neuberger Berman Option Strategy ETF Stock Down 0.1%

NYSEARCA:NBOS traded down $0.02 during trading hours on Friday, reaching $28.61. 44,684 shares of the company’s stock were exchanged, compared to its average volume of 65,478. The company has a market capitalization of $496.38 million, a P/E ratio of 26.11 and a beta of 0.43. Neuberger Berman Option Strategy ETF has a 12 month low of $26.07 and a 12 month high of $28.69. The business’s 50-day simple moving average is $28.12 and its two-hundred day simple moving average is $27.71.

Institutional Investors Weigh In On Neuberger Berman Option Strategy ETF

Several hedge funds have recently made changes to their positions in NBOS. Advisory Services Network LLC bought a new position in Neuberger Berman Option Strategy ETF during the third quarter valued at about $27,000. NewEdge Advisors LLC acquired a new position in Neuberger Berman Option Strategy ETF in the fourth quarter worth about $27,000. NBC Securities Inc. lifted its stake in Neuberger Berman Option Strategy ETF by 92.6% during the fourth quarter. NBC Securities Inc. now owns 1,117 shares of the company’s stock worth $30,000 after purchasing an additional 537 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of Neuberger Berman Option Strategy ETF by 140,400.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,405 shares of the company’s stock worth $38,000 after buying an additional 1,404 shares during the period. Finally, Royal Bank of Canada bought a new position in shares of Neuberger Berman Option Strategy ETF during the 1st quarter worth approximately $77,000.

About Neuberger Berman Option Strategy ETF

The Neuberger Berman Option Strategy ETF (NBOS) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that utilizes a cash-secured put writing strategy on US indices. The fund seeks long-term capital appreciation and income. NBOS was launched on Sep 16, 2016 and is issued by Neuberger Berman.