Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) Sees Significant Increase in Short Interest

Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 4,856 shares, an increase of 70.9% from the February 26th total of 2,842 shares. Based on an average daily volume of 5,655 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the shares of the stock are sold short.

Neuberger Berman Energy Transition & Infrastructure ETF Stock Up 0.4%

Neuberger Berman Energy Transition & Infrastructure ETF stock traded up $0.17 during mid-day trading on Friday, reaching $41.73. 3,827 shares of the company’s stock traded hands, compared to its average volume of 5,411. The company has a market cap of $38.81 million, a price-to-earnings ratio of 19.01 and a beta of 0.99. The stock has a 50 day moving average of $37.90 and a two-hundred day moving average of $34.47. Neuberger Berman Energy Transition & Infrastructure ETF has a 12-month low of $27.68 and a 12-month high of $42.09.

Institutional Trading of Neuberger Berman Energy Transition & Infrastructure ETF

A number of large investors have recently made changes to their positions in the business. Beacon Pointe Advisors LLC raised its position in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 14.8% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 134,182 shares of the company’s stock valued at $4,406,000 after buying an additional 17,294 shares in the last quarter. Jane Street Group LLC purchased a new position in Neuberger Berman Energy Transition & Infrastructure ETF in the second quarter worth about $413,000. Osaic Holdings Inc. increased its stake in Neuberger Berman Energy Transition & Infrastructure ETF by 60.3% during the second quarter. Osaic Holdings Inc. now owns 2,686 shares of the company’s stock worth $88,000 after acquiring an additional 1,010 shares during the last quarter. Private Trust Co. NA bought a new stake in Neuberger Berman Energy Transition & Infrastructure ETF during the third quarter worth approximately $39,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Neuberger Berman Energy Transition & Infrastructure ETF during the fourth quarter valued at approximately $608,000.

About Neuberger Berman Energy Transition & Infrastructure ETF

The Neuberger Berman Energy Transition & Infrastructure ETF (NBET) is an exchange-traded fund that mostly invests in energy equity. The fund uses a fundamental, bottom-up approach to actively invest in energy transition and infrastructure companies of any size from developed and emerging markets. The fund seeks to provide total return. NBET was launched on Apr 6, 2022 and is issued by Neuberger Berman.