Neuberger Energy Transition & Infrastructure ETF (NYSEARCA:NBET – Get Free Report) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 13,916 shares, a growth of 160.0% from the October 15th total of 5,353 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,544 shares, the days-to-cover ratio is presently 1.3 days.
Institutional Trading of Neuberger Energy Transition & Infrastructure ETF
A number of institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new stake in shares of Neuberger Energy Transition & Infrastructure ETF during the 2nd quarter worth $286,000. Royal Bank of Canada increased its position in shares of Neuberger Energy Transition & Infrastructure ETF by 362.1% in the first quarter. Royal Bank of Canada now owns 20,146 shares of the company’s stock worth $828,000 after purchasing an additional 15,786 shares during the period. Finally, HighTower Advisors LLC bought a new position in shares of Neuberger Energy Transition & Infrastructure ETF in the third quarter worth $2,225,000.
Neuberger Energy Transition & Infrastructure ETF Price Performance
Neuberger Energy Transition & Infrastructure ETF stock traded up $0.15 during mid-day trading on Friday, reaching $41.15. 4,473 shares of the company were exchanged, compared to its average volume of 5,774. The company has a fifty day simple moving average of $41.10 and a 200-day simple moving average of $40.16. Neuberger Energy Transition & Infrastructure ETF has a 12 month low of $32.14 and a 12 month high of $43.63. The firm has a market cap of $55.55 million, a PE ratio of 19.01 and a beta of 0.75.
Neuberger Energy Transition & Infrastructure ETF Company Profile
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.
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