Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) Short Interest Up 132.0% in February

Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 2,842 shares, a growth of 132.0% from the February 12th total of 1,225 shares. Based on an average trading volume of 10,436 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 10,436 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NBET. Beacon Pointe Advisors LLC grew its holdings in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 14.8% during the second quarter. Beacon Pointe Advisors LLC now owns 134,182 shares of the company’s stock valued at $4,406,000 after buying an additional 17,294 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Neuberger Berman Energy Transition & Infrastructure ETF during the second quarter valued at approximately $413,000. Stratos Wealth Partners LTD. purchased a new position in Neuberger Berman Energy Transition & Infrastructure ETF in the 4th quarter worth approximately $608,000. Janney Montgomery Scott LLC raised its holdings in Neuberger Berman Energy Transition & Infrastructure ETF by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 44,003 shares of the company’s stock worth $1,440,000 after acquiring an additional 1,099 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Neuberger Berman Energy Transition & Infrastructure ETF by 32.0% in the 4th quarter. Royal Bank of Canada now owns 4,360 shares of the company’s stock valued at $143,000 after acquiring an additional 1,056 shares in the last quarter.

Neuberger Berman Energy Transition & Infrastructure ETF Price Performance

NBET opened at $40.04 on Friday. The firm has a market cap of $37.24 million, a PE ratio of 19.01 and a beta of 0.99. The stock has a 50-day moving average price of $36.51 and a 200-day moving average price of $33.97. Neuberger Berman Energy Transition & Infrastructure ETF has a 1 year low of $27.68 and a 1 year high of $40.19.

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.