Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Sees Significant Decline in Short Interest

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 2,756 shares, a decline of 61.8% from the April 30th total of 7,215 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 19,416 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Neuberger Berman Small-Mid Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of NBSM. Royal Bank of Canada bought a new stake in Neuberger Berman Small-Mid Cap ETF during the 1st quarter valued at $738,000. Raymond James Financial Inc. increased its stake in Neuberger Berman Small-Mid Cap ETF by 20.8% during the 2nd quarter. Raymond James Financial Inc. now owns 173,905 shares of the company’s stock valued at $4,355,000 after purchasing an additional 29,995 shares in the last quarter. Bank of America Corp DE increased its stake in Neuberger Berman Small-Mid Cap ETF by 49.1% during the 2nd quarter. Bank of America Corp DE now owns 190,347 shares of the company’s stock valued at $4,766,000 after purchasing an additional 62,688 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Neuberger Berman Small-Mid Cap ETF by 44.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 77,444 shares of the company’s stock valued at $1,965,000 after purchasing an additional 23,669 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Neuberger Berman Small-Mid Cap ETF during the 3rd quarter valued at $337,000.

Neuberger Berman Small-Mid Cap ETF Stock Down 0.2%

NYSEARCA:NBSM opened at $26.68 on Friday. The company has a fifty day moving average of $26.23 and a 200-day moving average of $26.12. The firm has a market capitalization of $224.91 million, a P/E ratio of 26.86 and a beta of 0.89. Neuberger Berman Small-Mid Cap ETF has a twelve month low of $24.02 and a twelve month high of $27.64.

Neuberger Berman Small-Mid Cap ETF Company Profile

The Neuberger Berman Small-Mid Cap ETF (NBSM) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, focusing on capital appreciation through investments in small- and mid-cap companies aligned with the Russell 2000 and Midcap Index. NBSM was launched on Mar 20, 2024 and is issued by Neuberger Berman.