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

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

Neuberger Berman Small-Mid Cap ETF Stock Performance

NBSM opened at $28.41 on Friday. The stock has a market cap of $115.06 million, a price-to-earnings ratio of 26.86 and a beta of 0.77. The firm’s fifty day moving average is $27.67 and its 200 day moving average is $26.84. 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 Trading of Neuberger Berman Small-Mid Cap ETF

Several institutional investors have recently made changes to their positions in the business. Barnes Pettey Financial Advisors LLC lifted its holdings in Neuberger Berman Small-Mid Cap ETF by 10.2% in the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 9,461 shares of the company’s stock worth $239,000 after purchasing an additional 873 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Neuberger Berman Small-Mid Cap ETF during the 3rd quarter valued at approximately $337,000. Susquehanna International Group LLP raised its position in shares of Neuberger Berman Small-Mid Cap ETF by 77.5% during the third quarter. Susquehanna International Group LLP now owns 17,805 shares of the company’s stock valued at $451,000 after buying an additional 7,776 shares during the last quarter. Worth Financial Advisory Group LLC lifted its holdings in shares of Neuberger Berman Small-Mid Cap ETF by 2.5% in the fourth quarter. Worth Financial Advisory Group LLC now owns 26,514 shares of the company’s stock worth $669,000 after buying an additional 637 shares in the last quarter. Finally, Royal Bank of Canada purchased a new position in shares of Neuberger Berman Small-Mid Cap ETF in the first quarter worth $738,000.

About Neuberger Berman Small-Mid Cap ETF

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.