Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Sees Large Decline in Short Interest

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 2,455 shares, a decline of 48.3% from the June 30th total of 4,745 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 21,014 shares, the days-to-cover ratio is presently 0.1 days.

Neuberger Berman Small-Mid Cap ETF Price Performance

NYSEARCA:NBSM traded up $0.04 during mid-day trading on Thursday, reaching $28.41. The stock had a trading volume of 11,249 shares, compared to its average volume of 52,622. The stock has a market cap of $115.06 million, a P/E ratio of 26.86 and a beta of 0.77. The business’s 50 day moving average is $27.63 and its 200 day moving average is $26.82. Neuberger Berman Small-Mid Cap ETF has a fifty-two week low of $24.31 and a fifty-two week high of $28.84.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada bought a new position in shares of Neuberger Berman Small-Mid Cap ETF during the 1st quarter valued at $738,000. Raymond James Financial Inc. raised its holdings in Neuberger Berman Small-Mid Cap ETF by 20.8% during the second quarter. Raymond James Financial Inc. now owns 173,905 shares of the company’s stock valued at $4,355,000 after buying an additional 29,995 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Neuberger Berman Small-Mid Cap ETF by 49.1% in the second quarter. Bank of America Corp DE now owns 190,347 shares of the company’s stock worth $4,766,000 after buying an additional 62,688 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Neuberger Berman Small-Mid Cap ETF in the third quarter worth about $337,000. Finally, Susquehanna International Group LLP boosted its stake in shares of Neuberger Berman Small-Mid Cap ETF by 77.5% during the 3rd quarter. Susquehanna International Group LLP now owns 17,805 shares of the company’s stock worth $451,000 after acquiring an additional 7,776 shares in the last quarter.

Neuberger Berman Small-Mid Cap ETF Company Profile

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.