Neuberger Small-Mid Cap ETF (NYSEARCA:NBSM) Shares Shorted: Short Interest Up 619.0% in October

Neuberger Small-Mid Cap ETF (NYSEARCA:NBSM) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 7,945 shares, a growth of 619.0% from the September 30th total of 1,105 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 15,574 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Neuberger Small-Mid Cap ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in NBSM. Barnes Pettey Financial Advisors LLC grew its stake in Neuberger Small-Mid Cap ETF by 9.4% during the first quarter. Barnes Pettey Financial Advisors LLC now owns 10,350 shares of the company’s stock worth $261,000 after buying an additional 889 shares during the last quarter. Worth Financial Advisory Group LLC increased its holdings in shares of Neuberger Small-Mid Cap ETF by 3.1% during the third quarter. Worth Financial Advisory Group LLC now owns 30,034 shares of the company’s stock worth $819,000 after buying an additional 898 shares in the last quarter. CX Institutional bought a new position in shares of Neuberger Small-Mid Cap ETF in the third quarter valued at approximately $72,000. Barrett & Company Inc. bought a new position in shares of Neuberger Small-Mid Cap ETF in the third quarter valued at approximately $104,000. Finally, Broadway Wealth Solutions Inc. boosted its holdings in shares of Neuberger Small-Mid Cap ETF by 4.5% in the 3rd quarter. Broadway Wealth Solutions Inc. now owns 135,787 shares of the company’s stock worth $3,704,000 after acquiring an additional 5,889 shares in the last quarter.

Neuberger Small-Mid Cap ETF Trading Up 0.1%

NBSM traded up $0.03 on Tuesday, hitting $28.28. 4,006 shares of the stock traded hands, compared to its average volume of 40,754. Neuberger Small-Mid Cap ETF has a 52 week low of $24.31 and a 52 week high of $29.61. The firm has a market capitalization of $112.26 million, a PE ratio of 26.86 and a beta of 0.79. The business has a fifty day moving average price of $28.31 and a two-hundred day moving average price of $27.30.

Neuberger Small-Mid Cap ETF Company Profile

The Neuberger Berman Small-Mid Cap ETF (NBSM) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, focusing on capital appreciation through investments in small- and mid-cap companies aligned with the Russell 2000 and Midcap Index. NBSM was launched on Mar 20, 2024 and is issued by Neuberger Berman.