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

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 11,468 shares, a growth of 47.1% from the February 12th total of 7,794 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 59,928 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 59,928 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Neuberger Berman Small-Mid Cap ETF Price Performance

Shares of Neuberger Berman Small-Mid Cap ETF stock opened at $25.21 on Monday. Neuberger Berman Small-Mid Cap ETF has a 1 year low of $20.83 and a 1 year high of $27.64. The firm has a market cap of $200.42 million, a PE ratio of 26.86 and a beta of 0.98. The company has a 50 day simple moving average of $26.61 and a two-hundred day simple moving average of $25.85.

Institutional Trading of Neuberger Berman Small-Mid Cap ETF

A number of hedge funds have recently made changes to their positions in the stock. Barnes Pettey Financial Advisors LLC increased its stake in Neuberger Berman Small-Mid Cap ETF by 10.2% in the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 9,461 shares of the company’s stock valued at $239,000 after acquiring an additional 873 shares during the last quarter. Citadel Advisors LLC bought a new stake in Neuberger Berman Small-Mid Cap ETF during the third quarter worth about $337,000. Susquehanna International Group LLP lifted its stake in Neuberger Berman Small-Mid Cap ETF by 77.5% during the third quarter. Susquehanna International Group LLP now owns 17,805 shares of the company’s stock worth $451,000 after purchasing an additional 7,776 shares during the last quarter. Worth Financial Advisory Group LLC boosted its holdings in shares of 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 purchasing an additional 3,793 shares in the last quarter. Finally, Royal Bank of Canada purchased a new position in shares of Neuberger Berman Small-Mid Cap ETF in the 1st quarter worth about $738,000.

Neuberger Berman Small-Mid Cap ETF Company Profile

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.