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Neuberger Berman Commodity Strategy ETF (NBCM) - free report >>
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Neuberger Berman Commodity Strategy ETF (NBCM) - free report >>
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Commodity ETF (NBCM) Hits New 52-Week High
Neuberger Berman Commodity Strategy ETF (NBCM - Free Report) is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 16.95% from its 52-week low price of $20.35 per share.
Are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed.
NBCM in Focus
The fund employs an active strategy seeking to provide exposure to the broad commodity market. The product charges 65 bps in annual fees (See: All Broad Commodity ETFs).
Why the Move?
The commodity sector has been an area to watch lately, given increased market volatility, driven by the uncertainty created by President Trump’s tariffs and expectations of inflation rising over the next 12 months. Additionally, a slump in consumer sentiment and concerns about an economic slowdown also make investing in commodity funds favorable.
More Gains Ahead?
NBCM might continue its strong performance in the near term, with a positive weighted alpha of 5.76 (per Barchart.com), which gives cues of another rally.