Short Interest in Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Decreases By 55.1%

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 1,237 shares, a decrease of 55.1% from the May 14th total of 2,756 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 32,117 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Neuberger Berman Small-Mid Cap ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Broadway Wealth Solutions Inc. lifted its position in Neuberger Berman Small-Mid Cap ETF by 52.3% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 114,302 shares of the company’s stock valued at $2,885,000 after acquiring an additional 39,233 shares in the last quarter. Worth Financial Advisory Group LLC lifted its position in Neuberger Berman Small-Mid Cap ETF by 2.5% in the 4th quarter. Worth Financial Advisory Group LLC now owns 26,514 shares of the company’s stock valued at $669,000 after acquiring an additional 637 shares in the last quarter. Stage Harbor Financial LLC bought a new position in Neuberger Berman Small-Mid Cap ETF in the 4th quarter valued at about $5,610,000. Bank of America Corp DE lifted its position in Neuberger Berman Small-Mid Cap ETF by 15.6% in the 3rd quarter. Bank of America Corp DE now owns 220,114 shares of the company’s stock valued at $5,575,000 after acquiring an additional 29,767 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in Neuberger Berman Small-Mid Cap ETF by 3.6% in the 3rd quarter. Raymond James Financial Inc. now owns 180,178 shares of the company’s stock valued at $4,564,000 after acquiring an additional 6,273 shares in the last quarter.

Neuberger Berman Small-Mid Cap ETF Price Performance

Shares of NBSM stock traded up $0.26 on Friday, reaching $27.31. 557,694 shares of the company were exchanged, compared to its average volume of 40,323. The company has a market cap of $230.22 million, a price-to-earnings ratio of 26.86 and a beta of 0.83. The company has a 50-day moving average of $26.57 and a 200-day moving average of $26.25. Neuberger Berman Small-Mid Cap ETF has a one year low of $24.31 and a one year high of $27.64.

About Neuberger Berman Small-Mid Cap ETF

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.