Short Interest in Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Drops By 42.4%

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 4,302 shares, a drop of 42.4% from the January 15th total of 7,472 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 29,619 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 29,619 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Neuberger Berman Small-Mid Cap ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NBSM. Royal Bank of Canada acquired a new stake in Neuberger Berman Small-Mid Cap ETF during the 1st quarter valued at $738,000. Motco purchased a new position in shares of Neuberger Berman Small-Mid Cap ETF during the second quarter valued at $1,334,000. Raymond James Financial Inc. raised its position in Neuberger Berman Small-Mid Cap ETF by 20.8% during the second quarter. Raymond James Financial Inc. now owns 173,905 shares of the company’s stock valued at $4,355,000 after buying an additional 29,995 shares during the period. Bank of America Corp DE raised its position in Neuberger Berman Small-Mid Cap ETF by 49.1% during the second quarter. Bank of America Corp DE now owns 190,347 shares of the company’s stock valued at $4,766,000 after buying an additional 62,688 shares during the period. Finally, Worth Financial Advisory Group LLC lifted its stake in Neuberger Berman Small-Mid Cap ETF by 17.2% in the 3rd quarter. Worth Financial Advisory Group LLC now owns 25,877 shares of the company’s stock worth $655,000 after acquiring an additional 3,793 shares in the last quarter.

Neuberger Berman Small-Mid Cap ETF Trading Up 0.5%

NBSM stock traded up $0.13 during mid-day trading on Friday, reaching $27.16. 27,096 shares of the stock traded hands, compared to its average volume of 25,733. Neuberger Berman Small-Mid Cap ETF has a 52-week low of $20.83 and a 52-week high of $27.64. The stock’s fifty day moving average is $26.23 and its 200-day moving average is $25.73. The company has a market cap of $215.92 million, a P/E ratio of 26.86 and a beta of 0.98.

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.