Neuberger Growth ETF (NYSEARCA:NBGX) Sees Large Decrease in Short Interest

Neuberger Growth ETF (NYSEARCA:NBGX) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 3 shares, a decline of 62.5% from the September 15th total of 8 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 466 shares, the short-interest ratio is presently 0.0 days.

Neuberger Growth ETF Trading Down 1.7%

Shares of NBGX traded down $0.52 on Wednesday, reaching $30.20. 14 shares of the company’s stock were exchanged, compared to its average volume of 379. Neuberger Growth ETF has a 12 month low of $24.60 and a 12 month high of $31.00. The stock has a market capitalization of $15.10 million, a P/E ratio of 36.12 and a beta of 1.21. The business has a 50 day moving average price of $30.03 and a two-hundred day moving average price of $29.12.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Neuberger Growth ETF stock. Royal Bank of Canada increased its stake in shares of Neuberger Growth ETF (NYSEARCA:NBGX) by 5,018.2% in the first quarter, according to the company in 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 period. Royal Bank of Canada owned approximately 5.18% of Neuberger Growth ETF worth $659,000 as of its most recent SEC filing.

About Neuberger 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.