Neuberger Core Equity ETF (NYSEARCA:NBCR) Stock Short Interest Climbs 271.7%

Neuberger Core Equity ETF (NYSEARCA:NBCR) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 22,065 shares, a growth of 271.7% from the August 31st total of 5,936 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 29,100 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Neuberger Core Equity ETF

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in shares of Neuberger Core Equity ETF by 221.4% in the 1st quarter. Bank of America Corp DE now owns 8,206 shares of the company’s stock valued at $243,000 after purchasing an additional 5,653 shares during the last quarter. HB Wealth Management LLC acquired a new position in Neuberger Core Equity ETF in the 2nd quarter valued at $426,000. Royal Bank of Canada increased its stake in Neuberger Core Equity ETF by 2,067.2% in the 1st quarter. Royal Bank of Canada now owns 19,895 shares of the company’s stock valued at $590,000 after buying an additional 18,977 shares during the period. Finally, Ibex Wealth Advisors purchased a new position in Neuberger Core Equity ETF during the 4th quarter worth $653,000.

Neuberger Core Equity ETF Price Performance

NBCR opened at $34.53 on Monday. Neuberger Core Equity ETF has a 52 week low of $28.80 and a 52 week high of $34.99. The business’s 50 day moving average is $34.25 and its two-hundred day moving average is $33.05. The firm has a market cap of $844.60 million, a price-to-earnings ratio of 26.34 and a beta of 0.99.

About Neuberger Core Equity ETF

The Neuberger Berman Core Equity ETF (NBCR) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, seeking long-term capital appreciation by investing in US large-cap stocks. The fund selects based on fundamental analysis conducted by portfolio managers in collaboration with research analysts. NBCR was launched on Jul 31, 2024 and is issued by Neuberger Berman.