Short Interest in Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) Decreases By 39.4%

Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 4,523 shares, a decrease of 39.4% from the July 15th total of 7,469 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 5,519 shares, the days-to-cover ratio is currently 0.8 days.

Neuberger Berman Energy Transition & Infrastructure ETF Stock Up 1.6%

NBET stock traded up $0.67 during midday trading on Tuesday, hitting $42.17. The company’s stock had a trading volume of 1,482 shares, compared to its average volume of 5,439. The firm has a 50-day simple moving average of $39.88 and a 200-day simple moving average of $39.69. The firm has a market capitalization of $49.34 million, a P/E ratio of 19.01 and a beta of 0.76. Neuberger Berman Energy Transition & Infrastructure ETF has a 52-week low of $31.34 and a 52-week high of $42.29.

Institutional Investors Weigh In On Neuberger Berman Energy Transition & Infrastructure ETF

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Neuberger Berman Energy Transition & Infrastructure ETF by 362.1% in the 1st quarter. Royal Bank of Canada now owns 20,146 shares of the company’s stock valued at $828,000 after purchasing an additional 15,786 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Neuberger Berman Energy Transition & Infrastructure ETF during the second quarter worth approximately $413,000. Beacon Pointe Advisors LLC raised its holdings in Neuberger Berman Energy Transition & Infrastructure ETF by 4.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 152,047 shares of the company’s stock valued at $4,975,000 after acquiring an additional 6,877 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Neuberger Berman Energy Transition & Infrastructure ETF by 2.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 44,003 shares of the company’s stock valued at $1,440,000 after acquiring an additional 1,099 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Neuberger Berman Energy Transition & Infrastructure ETF by 60.3% in the second quarter. Osaic Holdings Inc. now owns 2,686 shares of the company’s stock valued at $88,000 after acquiring an additional 1,010 shares in the last quarter.

Neuberger Berman Energy Transition & Infrastructure ETF Company Profile

The Neuberger Berman Energy Transition & Infrastructure ETF (NBET) is an exchange-traded fund that mostly invests in energy equity. The fund uses a fundamental, bottom-up approach to actively invest in energy transition and infrastructure companies of any size from developed and emerging markets. The fund seeks to provide total return. NBET was launched on Apr 6, 2022 and is issued by Neuberger Berman.