Neuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC) Sees Significant Drop in Short Interest

Neuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 234 shares, a drop of 84.9% from the March 31st total of 1,549 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 890 shares, the days-to-cover ratio is presently 0.3 days.

Neuberger Berman Flexible Credit Income ETF Stock Performance

Shares of NBFC traded down $0.01 on Friday, reaching $50.99. The company’s stock had a trading volume of 69 shares, compared to its average volume of 2,552. The stock’s 50 day simple moving average is $50.78 and its two-hundred day simple moving average is $51.27. Neuberger Berman Flexible Credit Income ETF has a 12-month low of $49.65 and a 12-month high of $55.64.

Neuberger Berman Flexible Credit Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were paid a $0.2368 dividend. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Tuesday, February 24th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Neuberger Berman Flexible Credit Income ETF stock. Jane Street Group LLC increased its holdings in Neuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC) by 210.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,070 shares of the company’s stock after purchasing an additional 15,631 shares during the period. Jane Street Group LLC owned 2.20% of Neuberger Berman Flexible Credit Income ETF worth $1,161,000 as of its most recent SEC filing.

About Neuberger Berman Flexible Credit Income ETF

The Neuberger Berman Flexible Credit Income ETF (NBFC) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, globally investing in fixed-income securities of any credit quality and maturity. The fund seeks high current income, and to a lesser extent, long-term capital appreciation. NBFC was launched on Jun 24, 2024 and is issued by Neuberger Berman.