Neuberger Energy Transition & Infrastructure ETF (NYSEARCA:NBET) Shares Shorted: Short Interest Down 40.5% in September

Neuberger Energy Transition & Infrastructure ETF (NYSEARCA:NBET) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 3,162 shares, a drop of 40.5% from the August 31st total of 5,315 shares. Based on an average daily volume of 4,587 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Neuberger Energy Transition & Infrastructure ETF

An institutional investor recently bought a new stake in Neuberger Energy Transition & Infrastructure ETF stock. Citadel Advisors LLC bought a new position in shares of Neuberger Energy Transition & Infrastructure ETF (NYSEARCA:NBET) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,322 shares of the company’s stock, valued at approximately $286,000. Citadel Advisors LLC owned about 0.63% of Neuberger Energy Transition & Infrastructure ETF at the end of the most recent quarter.

Neuberger Energy Transition & Infrastructure ETF Price Performance

NBET traded up $0.15 during trading on Friday, reaching $39.79. 2,410 shares of the stock were exchanged, compared to its average volume of 5,321. The business’s 50 day moving average price is $41.12 and its two-hundred day moving average price is $40.51. The company has a market capitalization of $48.94 million, a price-to-earnings ratio of 19.01 and a beta of 0.77. Neuberger Energy Transition & Infrastructure ETF has a 1 year low of $31.34 and a 1 year high of $43.14.

Neuberger Energy Transition & Infrastructure ETF Company Profile

The Neuberger Berman Energy Transition & Infrastructure ETF (NBET) is an exchange-traded fund that mostly invests in energy equity. The fund uses a fundamental, bottom-up approach to actively invest in energy transition and infrastructure companies of any size from developed and emerging markets. The fund seeks to provide total return. NBET was launched on Apr 6, 2022 and is issued by Neuberger Berman.