Neuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC) Sees Large Decline in Short Interest

Neuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 70 shares, a decrease of 69.4% from the April 30th total of 229 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,081 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

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

Neuberger Berman Flexible Credit Income ETF Trading Up 0.1%

NYSEARCA:NBFC traded up $0.05 during trading hours on Friday, hitting $50.76. The company’s stock had a trading volume of 224 shares, compared to its average volume of 2,150. The business’s 50-day moving average is $50.60 and its two-hundred day moving average is $51.11. Neuberger Berman Flexible Credit Income ETF has a 52-week low of $49.65 and a 52-week high of $55.64.

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.