Short Interest in Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Declines By 48.3%

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 2,455 shares, a drop of 48.3% from the June 30th total of 4,745 shares. Based on an average daily trading volume, of 21,014 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Broadway Wealth Solutions Inc. increased its holdings in Neuberger Berman Small-Mid Cap ETF by 52.3% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 114,302 shares of the company’s stock valued at $2,885,000 after buying an additional 39,233 shares during the last quarter. Worth Financial Advisory Group LLC increased its holdings in shares of Neuberger Berman Small-Mid Cap ETF by 2.5% in the 4th quarter. Worth Financial Advisory Group LLC now owns 26,514 shares of the company’s stock worth $669,000 after acquiring an additional 637 shares during the period. Bank of America Corp DE boosted its position in shares of Neuberger Berman Small-Mid Cap ETF by 15.6% during the third quarter. Bank of America Corp DE now owns 220,114 shares of the company’s stock worth $5,575,000 after buying an additional 29,767 shares during the period. Raymond James Financial Inc. boosted its position in Neuberger Berman Small-Mid Cap ETF by 3.6% during the 3rd quarter. Raymond James Financial Inc. now owns 180,178 shares of the company’s stock worth $4,564,000 after acquiring an additional 6,273 shares during the period. Finally, Royal Bank of Canada bought a new position in shares of Neuberger Berman Small-Mid Cap ETF in the first quarter worth $738,000.

Neuberger Berman Small-Mid Cap ETF Stock Performance

Shares of NBSM stock traded down $0.15 on Wednesday, hitting $28.50. The stock had a trading volume of 10,799 shares, compared to its average volume of 52,875. The stock’s 50 day moving average is $27.59 and its 200-day moving average is $26.81. The firm has a market capitalization of $115.42 million, a price-to-earnings ratio of 26.86 and a beta of 0.77. Neuberger Berman Small-Mid Cap ETF has a 52-week low of $24.31 and a 52-week high of $28.84.

About Neuberger Berman Small-Mid Cap ETF

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.