Neuberger Small-Mid Cap ETF (NYSEARCA:NBSM) Shares Shorted: Short Interest Up 143.6% in September

Neuberger Small-Mid Cap ETF (NYSEARCA:NBSM) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,888 shares, an increase of 143.6% from the August 31st total of 775 shares. Based on an average trading volume of 12,921 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NBSM. Royal Bank of Canada acquired a new stake in shares of Neuberger Small-Mid Cap ETF in the first quarter valued at approximately $1,288,000. HighTower Advisors LLC raised its holdings in shares of Neuberger Small-Mid Cap ETF by 43.4% during the fourth quarter. HighTower Advisors LLC now owns 44,171 shares of the company’s stock valued at $1,115,000 after buying an additional 13,377 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Neuberger Small-Mid Cap ETF during the second quarter worth approximately $355,000. Finally, Barnes Pettey Financial Advisors LLC boosted its position in shares of Neuberger Small-Mid Cap ETF by 9.4% during the first quarter. Barnes Pettey Financial Advisors LLC now owns 10,350 shares of the company’s stock worth $261,000 after buying an additional 889 shares during the period.

Neuberger Small-Mid Cap ETF Stock Performance

Shares of Neuberger Small-Mid Cap ETF stock traded down $0.28 during trading on Monday, hitting $27.61. 9,014 shares of the stock were exchanged, compared to its average volume of 43,771. The stock’s fifty day moving average is $28.66 and its 200 day moving average is $27.42. The stock has a market cap of $108.23 million, a PE ratio of 26.86 and a beta of 0.77. Neuberger Small-Mid Cap ETF has a 12 month low of $24.31 and a 12 month high of $29.61.

About Neuberger 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.