Neuberger Berman Growth ETF (NYSEARCA:NBGX) Sees Significant Drop in Short Interest

Neuberger Berman Growth ETF (NYSEARCA:NBGX) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 4 shares, a decrease of 99.4% from the July 30th total of 635 shares. Based on an average daily volume of 216 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Neuberger Berman Growth ETF stock. Royal Bank of Canada increased its stake in Neuberger Berman Growth ETF (NYSEARCA:NBGX) by 5,018.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,898 shares of the company’s stock after purchasing an additional 25,392 shares during the quarter. Royal Bank of Canada owned about 5.18% of Neuberger Berman Growth ETF worth $659,000 at the end of the most recent quarter.

Neuberger Berman Growth ETF Trading Down 0.2%

NBGX opened at $29.54 on Thursday. The business’s 50 day moving average is $29.35 and its 200-day moving average is $28.24. The stock has a market cap of $14.77 million, a PE ratio of 36.12 and a beta of 1.23. Neuberger Berman Growth ETF has a twelve month low of $24.60 and a twelve month high of $30.41.

About Neuberger Berman Growth ETF

The Neuberger Berman Growth ETF (NBGX) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap growth stocks from around the globe selected using a research-driven approach. The fund seeks long-term capital appreciation. NBGX was launched on Dec 18, 2024 and is issued by Neuberger Berman.