Short Interest in Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Drops By 14.8%

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 7,472 shares, a decrease of 14.8% from the December 31st total of 8,771 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,814 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 20,814 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Neuberger Berman Small-Mid Cap ETF Price Performance

Shares of NYSEARCA:NBSM traded up $0.51 during trading on Wednesday, reaching $26.79. The stock had a trading volume of 20,151 shares, compared to its average volume of 26,059. The stock has a market capitalization of $213.52 million, a PE ratio of 26.86 and a beta of 0.98. Neuberger Berman Small-Mid Cap ETF has a 52 week low of $20.83 and a 52 week high of $27.12. The business’s 50-day moving average price is $26.01 and its 200 day moving average price is $25.65.

Institutional Trading of Neuberger Berman Small-Mid Cap ETF

Several large investors have recently made changes to their positions in the business. Motco acquired a new position in Neuberger Berman Small-Mid Cap ETF during the 2nd quarter worth about $1,334,000. Bank of America Corp DE grew its stake in shares of Neuberger Berman Small-Mid Cap ETF by 15.6% during the third quarter. Bank of America Corp DE now owns 220,114 shares of the company’s stock valued at $5,575,000 after purchasing an additional 29,767 shares during the last quarter. Worth Financial Advisory Group LLC grew its stake in shares of Neuberger Berman Small-Mid Cap ETF by 17.2% during the third quarter. Worth Financial Advisory Group LLC now owns 25,877 shares of the company’s stock valued at $655,000 after purchasing an additional 3,793 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Neuberger Berman Small-Mid Cap ETF in the third quarter valued at approximately $337,000. Finally, Susquehanna International Group LLP raised its position in Neuberger Berman Small-Mid Cap ETF by 77.5% in the 3rd 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.

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.