Short Interest in Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Drops By 55.1%

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,237 shares, a drop of 55.1% from the May 14th total of 2,756 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 32,117 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stage Harbor Financial LLC bought a new stake in shares of Neuberger Berman Small-Mid Cap ETF during the fourth quarter valued at approximately $5,610,000. Bank of America Corp DE grew its stake in Neuberger Berman Small-Mid Cap ETF by 49.1% during the second quarter. Bank of America Corp DE now owns 190,347 shares of the company’s stock valued at $4,766,000 after acquiring an additional 62,688 shares in the last quarter. Royal Bank of Canada bought a new stake in Neuberger Berman Small-Mid Cap ETF in the 1st quarter valued at $1,288,000. Broadway Wealth Solutions Inc. increased its holdings in Neuberger Berman Small-Mid Cap ETF by 52.3% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 114,302 shares of the company’s stock valued at $2,885,000 after acquiring an additional 39,233 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in 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.

Neuberger Berman Small-Mid Cap ETF Stock Performance

Shares of Neuberger Berman Small-Mid Cap ETF stock traded up $0.14 during trading hours on Monday, hitting $27.45. The company’s stock had a trading volume of 547,785 shares, compared to its average volume of 44,809. The company has a market cap of $231.40 million, a PE ratio of 26.86 and a beta of 0.83. The business has a 50 day moving average price of $26.57 and a two-hundred day moving average price of $26.26. Neuberger Berman Small-Mid Cap ETF has a 12-month low of $24.31 and a 12-month high of $27.71.

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.