Neuberger Berman Growth ETF (NYSEARCA:NBGX) Short Interest Up ? in May

Neuberger Berman Growth ETF (NYSEARCA:NBGX) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,950 shares, a growth of ? from the May 14th total of 0 shares. Based on an average daily trading volume, of 846 shares, the short-interest ratio is currently 2.3 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Neuberger Berman Growth ETF stock. Royal Bank of Canada grew its stake in shares of Neuberger Berman Growth ETF (NYSEARCA:NBGX) by 5,018.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,898 shares of the company’s stock after purchasing an additional 25,392 shares during the quarter. Royal Bank of Canada owned about 5.18% of Neuberger Berman Growth ETF worth $659,000 at the end of the most recent quarter.

Neuberger Berman Growth ETF Stock Performance

NBGX stock traded up $0.62 during mid-day trading on Monday, hitting $29.47. 5 shares of the company were exchanged, compared to its average volume of 327. The firm has a market cap of $14.74 million, a P/E ratio of 36.12 and a beta of 1.22. The firm’s 50 day simple moving average is $28.54 and its 200 day simple moving average is $27.74. Neuberger Berman Growth ETF has a 1-year low of $24.60 and a 1-year high of $30.07.

About Neuberger Berman 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.