Short Interest in Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) Declines By 95.8%

by · The Cerbat Gem

Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD – Get Free Report) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 2,512 shares, a drop of 95.8% from the June 15th total of 59,241 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 209,501 shares, the short-interest ratio is presently 0.0 days.

Neuberger Berman Short Duration Income ETF Stock Performance

NYSEARCA:NBSD traded up $0.01 during mid-day trading on Friday, hitting $50.58. 143,904 shares of the stock were exchanged, compared to its average volume of 181,631. The firm’s 50-day simple moving average is $50.67 and its 200 day simple moving average is $50.94. Neuberger Berman Short Duration Income ETF has a fifty-two week low of $50.42 and a fifty-two week high of $51.57.

Institutional Investors Weigh In On Neuberger Berman Short Duration Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Morgan Stanley boosted its position in shares of Neuberger Berman Short Duration Income ETF by 368.2% in the fourth quarter. Morgan Stanley now owns 2,465,782 shares of the company’s stock valued at $126,209,000 after acquiring an additional 1,939,140 shares during the period. LPL Financial LLC increased its position in Neuberger Berman Short Duration Income ETF by 21.6% during the fourth quarter. LPL Financial LLC now owns 1,292,289 shares of the company’s stock worth $66,144,000 after acquiring an additional 229,531 shares during the period. Bank of America Corp DE increased its position in Neuberger Berman Short Duration Income ETF by 64.9% during the first quarter. Bank of America Corp DE now owns 1,185,945 shares of the company’s stock worth $60,139,000 after acquiring an additional 466,842 shares during the period. Raymond James Financial Inc. raised its stake in Neuberger Berman Short Duration Income ETF by 98.9% in the 3rd quarter. Raymond James Financial Inc. now owns 795,080 shares of the company’s stock worth $40,676,000 after purchasing an additional 395,411 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Neuberger Berman Short Duration Income ETF by 6,773.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 447,327 shares of the company’s stock worth $22,914,000 after purchasing an additional 440,819 shares in the last quarter.

About Neuberger Berman Short Duration Income ETF

(Get Free Report)

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.

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