Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Sees Significant Increase in Short Interest

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 7,794 shares, an increase of 81.2% from the January 29th total of 4,302 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 26,913 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 26,913 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Neuberger Berman Small-Mid Cap ETF Stock Down 0.6%

NBSM opened at $26.92 on Monday. Neuberger Berman Small-Mid Cap ETF has a 52 week low of $20.83 and a 52 week high of $27.64. The stock has a market cap of $214.01 million, a PE ratio of 26.86 and a beta of 0.98. The business has a 50 day moving average of $26.50 and a 200-day moving average of $25.84.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Stage Harbor Financial LLC purchased a new position in Neuberger Berman Small-Mid Cap ETF during the 4th quarter valued at about $5,610,000. Bank of America Corp DE grew its holdings in Neuberger Berman Small-Mid Cap ETF by 49.1% in the second quarter. Bank of America Corp DE now owns 190,347 shares of the company’s stock worth $4,766,000 after purchasing an additional 62,688 shares during the period. Broadway Wealth Solutions Inc. increased its stake in shares of Neuberger Berman Small-Mid Cap ETF by 52.3% during the fourth quarter. Broadway Wealth Solutions Inc. now owns 114,302 shares of the company’s stock valued at $2,885,000 after purchasing an additional 39,233 shares in the last quarter. Royal Bank of Canada purchased a new position in shares of Neuberger Berman Small-Mid Cap ETF during the first quarter valued at approximately $738,000. Finally, Raymond James Financial Inc. boosted its position in shares of Neuberger Berman Small-Mid Cap ETF by 20.8% in the 2nd quarter. Raymond James Financial Inc. now owns 173,905 shares of the company’s stock worth $4,355,000 after purchasing an additional 29,995 shares in the last quarter.

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.