Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) Short Interest Up 945.2% in May

Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 13,002 shares, an increase of 945.2% from the April 30th total of 1,244 shares. Based on an average trading volume of 6,455 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.2% of the company’s stock are short sold.

Neuberger Berman Energy Transition & Infrastructure ETF Stock Performance

Shares of Neuberger Berman Energy Transition & Infrastructure ETF stock traded down $0.75 during mid-day trading on Wednesday, hitting $40.16. 4,046 shares of the stock were exchanged, compared to its average volume of 5,859. Neuberger Berman Energy Transition & Infrastructure ETF has a 12 month low of $31.34 and a 12 month high of $42.24. The company has a 50-day simple moving average of $40.56 and a 200 day simple moving average of $36.92. The company has a market capitalization of $43.37 million, a P/E ratio of 19.01 and a beta of 0.81.

Hedge Funds Weigh In On Neuberger Berman Energy Transition & Infrastructure ETF

Several hedge funds have recently modified their holdings of NBET. Osaic Holdings Inc. lifted its position in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 60.3% during the 2nd quarter. Osaic Holdings Inc. now owns 2,686 shares of the company’s stock worth $88,000 after buying an additional 1,010 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 32.0% during the 4th quarter. Royal Bank of Canada now owns 4,360 shares of the company’s stock worth $143,000 after buying an additional 1,056 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Neuberger Berman Energy Transition & Infrastructure ETF during the 2nd quarter worth approximately $413,000. Stratos Wealth Partners LTD. bought a new position in shares of Neuberger Berman Energy Transition & Infrastructure ETF during the 4th quarter worth approximately $608,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 2.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 44,003 shares of the company’s stock worth $1,440,000 after buying an additional 1,099 shares in the last quarter.

Neuberger Berman 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.