Short Interest in Neuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC) Decreases By 49.3%

Neuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 2,654 shares, a decline of 49.3% from the January 29th total of 5,237 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,480 shares, the short-interest ratio is presently 1.8 days. Based on an average daily trading volume, of 1,480 shares, the short-interest ratio is presently 1.8 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Neuberger Berman Flexible Credit Income ETF

An institutional investor recently bought a new position in Neuberger Berman Flexible Credit Income ETF stock. Smartleaf Asset Management LLC bought a new position in shares of Neuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 49,739 shares of the company’s stock, valued at approximately $2,553,000. Smartleaf Asset Management LLC owned about 3.92% of Neuberger Berman Flexible Credit Income ETF at the end of the most recent quarter.

Neuberger Berman Flexible Credit Income ETF Price Performance

NBFC stock traded down $0.03 during midday trading on Friday, reaching $51.25. The company’s stock had a trading volume of 201 shares, compared to its average volume of 4,410. The business’s 50-day simple moving average is $51.41 and its 200-day simple moving average is $51.55. Neuberger Berman Flexible Credit Income ETF has a 52 week low of $48.76 and a 52 week high of $55.64.

Neuberger Berman Flexible Credit Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were given a $0.2368 dividend. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Tuesday, February 24th.

Neuberger Berman Flexible Credit Income ETF Company Profile

The Neuberger Berman Flexible Credit Income ETF (NBFC) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, globally investing in fixed-income securities of any credit quality and maturity. The fund seeks high current income, and to a lesser extent, long-term capital appreciation. NBFC was launched on Jun 24, 2024 and is issued by Neuberger Berman.