Neuberger Commodity Strategy ETF (NYSEARCA:NBCM – Get Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 71,811 shares, an increase of 140.5% from the August 15th total of 29,861 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 49,132 shares, the short-interest ratio is presently 1.5 days.
Neuberger Commodity Strategy ETF Trading Up 1.1%
NYSEARCA:NBCM traded up $0.35 during midday trading on Tuesday, reaching $31.90. 86,122 shares of the stock traded hands, compared to its average volume of 71,001. The business has a 50-day moving average of $29.49 and a two-hundred day moving average of $28.60. Neuberger Commodity Strategy ETF has a 12-month low of $22.13 and a 12-month high of $32.52.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. HB Wealth Management LLC acquired a new position in Neuberger Commodity Strategy ETF during the second quarter worth $257,000. Bank of America Corp DE acquired a new stake in shares of Neuberger Commodity Strategy ETF during the 1st quarter worth approximately $384,000. World Investment Advisors acquired a new stake in Neuberger Commodity Strategy ETF during the first quarter worth $1,412,000. IAG Wealth Partners LLC raised its holdings in Neuberger Commodity Strategy ETF by 8.5% in the 4th quarter. IAG Wealth Partners LLC now owns 149,246 shares of the company’s stock valued at $3,377,000 after buying an additional 11,671 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Neuberger Commodity Strategy ETF by 68.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,064,944 shares of the company’s stock worth $24,094,000 after purchasing an additional 433,290 shares during the period.
About Neuberger Commodity Strategy ETF
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.
Further Reading
- Five stocks we like better than Neuberger Commodity Strategy ETF
- Could Dave & Buster’s Capitulation Signal the Bottom Is Finally In?
- A Sub-20 P/E on GOOGL? The Market May Be Missing Something
- SpaceX Defies Gravity With a Nasdaq-100 Double-Weighting Boost
- Navan’s Strong Quarter Meets an AI Spending Reality Check
Receive News & Ratings for Neuberger Commodity Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neuberger Commodity Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
