Short Interest in Neuberger Small-Mid Cap ETF (NYSEARCA:NBSM) Drops By 66.4%

Neuberger Small-Mid Cap ETF (NYSEARCA:NBSM) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 775 shares, a drop of 66.4% from the August 15th total of 2,309 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 10,646 shares, the days-to-cover ratio is presently 0.1 days.

Neuberger Small-Mid Cap ETF Trading Down 0.5%

Shares of Neuberger Small-Mid Cap ETF stock traded down $0.15 on Monday, reaching $28.08. 13,875 shares of the company were exchanged, compared to its average volume of 45,883. Neuberger Small-Mid Cap ETF has a one year low of $24.31 and a one year high of $29.61. The company has a market capitalization of $113.72 million, a price-to-earnings ratio of 26.86 and a beta of 0.77. The company has a 50-day moving average of $28.74 and a 200 day moving average of $27.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC bought a new stake in shares of Neuberger Small-Mid Cap ETF in the 2nd quarter valued at about $355,000. Royal Bank of Canada bought a new position in Neuberger Small-Mid Cap ETF during the first quarter worth about $1,288,000. Barnes Pettey Financial Advisors LLC increased its position 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. Finally, HighTower Advisors LLC increased its position in Neuberger Small-Mid Cap ETF by 43.4% during the fourth quarter. HighTower Advisors LLC now owns 44,171 shares of the company’s stock worth $1,115,000 after buying an additional 13,377 shares during the last quarter.

About Neuberger 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.