Short Interest in Neuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC) Drops By 49.3%

Neuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 2,654 shares, a decrease of 49.3% from the January 29th total of 5,237 shares. Based on an average trading volume of 1,480 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 1,480 shares, the days-to-cover ratio is presently 1.8 days.

Neuberger Berman Flexible Credit Income ETF Stock Down 0.1%

Shares of Neuberger Berman Flexible Credit Income ETF stock opened at $51.28 on Friday. The company has a 50 day moving average price of $51.41 and a 200 day moving average price of $51.55. Neuberger Berman Flexible Credit Income ETF has a 52 week low of $48.76 and a 52 week high of $55.64.

Neuberger Berman Flexible Credit Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th will be issued a $0.2368 dividend. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%.

Hedge Funds Weigh In On Neuberger Berman Flexible Credit Income ETF

A hedge fund recently raised its stake in Neuberger Berman Flexible Credit Income ETF stock. Jane Street Group LLC increased its position in Neuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC) by 210.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,070 shares of the company’s stock after acquiring an additional 15,631 shares during the period. Jane Street Group LLC owned approximately 2.20% of Neuberger Berman Flexible Credit Income ETF worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Neuberger Berman Flexible Credit Income ETF

The Neuberger Berman Flexible Credit Income ETF (NBFC) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, globally investing in fixed-income securities of any credit quality and maturity. The fund seeks high current income, and to a lesser extent, long-term capital appreciation. NBFC was launched on Jun 24, 2024 and is issued by Neuberger Berman.