Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) Sees Large Drop in Short Interest

Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,244 shares, a decline of 82.2% from the April 15th total of 6,971 shares. Based on an average daily trading volume, of 7,283 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Neuberger Berman Energy Transition & Infrastructure ETF Stock Up 0.6%

Shares of NYSEARCA NBET traded up $0.25 during trading on Tuesday, hitting $40.56. 4,455 shares of the company traded hands, compared to its average volume of 6,039. Neuberger Berman Energy Transition & Infrastructure ETF has a 1 year low of $31.32 and a 1 year high of $42.09. The company has a 50-day moving average price of $40.18 and a 200-day moving average price of $36.13. The firm has a market capitalization of $43.80 million, a P/E ratio of 19.01 and a beta of 0.81.

Institutional Trading of Neuberger Berman Energy Transition & Infrastructure ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Beacon Pointe Advisors LLC boosted its position in Neuberger Berman Energy Transition & Infrastructure ETF by 4.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 152,047 shares of the company’s stock worth $4,975,000 after purchasing an additional 6,877 shares during the period. Royal Bank of Canada boosted its position in Neuberger Berman Energy Transition & Infrastructure ETF by 32.0% during the 4th quarter. Royal Bank of Canada now owns 4,360 shares of the company’s stock worth $143,000 after purchasing an additional 1,056 shares during the period. Janney Montgomery Scott LLC boosted its position in Neuberger Berman Energy Transition & Infrastructure ETF by 2.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 44,003 shares of the company’s stock worth $1,440,000 after purchasing an additional 1,099 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in Neuberger Berman Energy Transition & Infrastructure ETF during the 4th quarter worth $608,000. Finally, Osaic Holdings Inc. boosted its position in Neuberger Berman Energy Transition & Infrastructure ETF by 60.3% during the 2nd quarter. Osaic Holdings Inc. now owns 2,686 shares of the company’s stock worth $88,000 after purchasing an additional 1,010 shares during the period.

About Neuberger Berman Energy Transition & Infrastructure ETF

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.