Short Interest in Neuberger Berman Disrupters ETF (NYSEARCA:NBDS) Rises By 636.6%

Neuberger Berman Disrupters ETF (NYSEARCA:NBDS) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 21,281 shares, an increase of 636.6% from the April 30th total of 2,889 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average daily trading volume, of 5,886 shares, the days-to-cover ratio is presently 3.6 days.

Neuberger Berman Disrupters ETF Price Performance

NBDS traded up $0.43 during trading hours on Friday, reaching $41.12. The company’s stock had a trading volume of 43,361 shares, compared to its average volume of 3,091. The stock has a market cap of $34.95 million, a PE ratio of 52.74 and a beta of 1.32. Neuberger Berman Disrupters ETF has a fifty-two week low of $29.42 and a fifty-two week high of $41.12. The business’s 50-day moving average is $35.00 and its 200-day moving average is $34.64.

Hedge Funds Weigh In On Neuberger Berman Disrupters ETF

Several large investors have recently modified their holdings of the business. Assetmark Inc. grew its holdings in shares of Neuberger Berman Disrupters ETF by 38.0% during the 3rd quarter. Assetmark Inc. now owns 3,574 shares of the company’s stock worth $129,000 after purchasing an additional 984 shares during the period. Fortis Group Advisors LLC raised its holdings in Neuberger Berman Disrupters ETF by 5.1% in the 4th quarter. Fortis Group Advisors LLC now owns 7,067 shares of the company’s stock valued at $240,000 after buying an additional 343 shares during the period. TFB Advisors LLC lifted its position in Neuberger Berman Disrupters ETF by 5.5% in the third quarter. TFB Advisors LLC now owns 23,335 shares of the company’s stock valued at $848,000 after buying an additional 1,207 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in Neuberger Berman Disrupters ETF by 8.4% in the third quarter. J.W. Cole Advisors Inc. now owns 57,800 shares of the company’s stock valued at $2,093,000 after buying an additional 4,500 shares during the last quarter.

Neuberger Berman Disrupters ETF Company Profile

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.