Neuberger Berman Disrupters ETF (NYSEARCA:NBDS) Sees Large Decrease in Short Interest

Neuberger Berman Disrupters ETF (NYSEARCA:NBDS) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 11,300 shares, a drop of 64.5% from the July 15th total of 31,842 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 64,245 shares, the short-interest ratio is currently 0.2 days.

Neuberger Berman Disrupters ETF Trading Up 0.2%

Shares of NBDS traded up $0.07 during mid-day trading on Friday, reaching $42.54. The company had a trading volume of 6,627 shares, compared to its average volume of 26,376. Neuberger Berman Disrupters ETF has a fifty-two week low of $29.42 and a fifty-two week high of $42.80. The firm has a fifty day simple moving average of $40.59 and a 200-day simple moving average of $36.48. The stock has a market cap of $156.55 million, a price-to-earnings ratio of 52.74 and a beta of 1.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fortis Group Advisors LLC increased its stake in Neuberger Berman Disrupters ETF by 5.1% during the fourth quarter. Fortis Group Advisors LLC now owns 7,067 shares of the company’s stock worth $240,000 after acquiring an additional 343 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Neuberger Berman Disrupters ETF by 3.6% in the 1st quarter. Assetmark Inc. now owns 14,569 shares of the company’s stock valued at $447,000 after purchasing an additional 500 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Neuberger Berman Disrupters ETF in the 2nd quarter valued at about $142,000. Evolve Private Wealth LLC purchased a new stake in shares of Neuberger Berman Disrupters ETF during the 2nd quarter worth about $650,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Neuberger Berman Disrupters ETF during the 2nd quarter worth about $1,083,000.

About Neuberger Berman Disrupters ETF

The Neuberger Berman Disrupters ETF (NBDS) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund is an actively managed portfolio of global companies that are perceived to be positioned to benefit from disruptive innovations and trends. NBDS was launched on Apr 6, 2022 and is managed by Neuberger Berman.