Short Interest in Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Increases By 47.1%

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) saw a significant growth in short interest in the month of 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. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 59,928 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 59,928 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Neuberger Berman Small-Mid Cap ETF Trading Up 0.0%

NBSM opened at $25.21 on Friday. The stock has a market capitalization of $200.42 million, a P/E ratio of 26.86 and a beta of 0.98. Neuberger Berman Small-Mid Cap ETF has a 12 month low of $20.83 and a 12 month high of $27.64. The firm’s fifty day simple moving average is $26.61 and its 200 day simple moving average is $25.86.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Stage Harbor Financial LLC acquired a new stake in Neuberger Berman Small-Mid Cap ETF in the 4th quarter valued at approximately $5,610,000. Bank of America Corp DE grew its stake in shares of Neuberger Berman Small-Mid Cap ETF by 15.6% during the 3rd quarter. Bank of America Corp DE now owns 220,114 shares of the company’s stock worth $5,575,000 after acquiring an additional 29,767 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Neuberger Berman Small-Mid Cap ETF by 3.6% in the third quarter. Raymond James Financial Inc. now owns 180,178 shares of the company’s stock valued at $4,564,000 after purchasing an additional 6,273 shares during the last quarter. Broadway Wealth Solutions Inc. raised its holdings in shares of Neuberger Berman Small-Mid Cap ETF by 52.3% in 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 during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Neuberger Berman Small-Mid Cap ETF by 44.0% in the third quarter. Jones Financial Companies Lllp now owns 77,444 shares of the company’s stock worth $1,965,000 after purchasing an additional 23,669 shares in the last quarter.

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.