Neuberger Growth ETF (NYSEARCA:NBGX) Stock Short Interest Drops 66.7%

Neuberger Growth ETF (NYSEARCA:NBGX) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 1 shares, a decline of 66.7% from the September 30th total of 3 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 174 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Neuberger Growth ETF

A hedge fund recently raised its stake in Neuberger Growth ETF stock. Royal Bank of Canada increased its holdings in shares of Neuberger Growth ETF (NYSEARCA:NBGX) by 5,018.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,898 shares of the company’s stock after purchasing an additional 25,392 shares during the period. Royal Bank of Canada owned 5.18% of Neuberger Growth ETF worth $659,000 as of its most recent filing with the Securities and Exchange Commission.

Neuberger Growth ETF Trading Down 2.1%

NBGX traded down $0.63 during trading on Friday, hitting $29.01. 2,028 shares of the company’s stock were exchanged, compared to its average volume of 415. Neuberger Growth ETF has a 1 year low of $24.60 and a 1 year high of $31.00. The stock has a 50 day moving average price of $29.96 and a 200 day moving average price of $28.61. The firm has a market cap of $14.51 million, a P/E ratio of 36.12 and a beta of 1.21.

About Neuberger Growth ETF

The Neuberger Berman Growth ETF (NBGX) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap growth stocks from around the globe selected using a research-driven approach. The fund seeks long-term capital appreciation. NBGX was launched on Dec 18, 2024 and is issued by Neuberger Berman.