Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Short Interest Update

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

Neuberger Berman Small-Mid Cap ETF Stock Performance

NBSM stock traded up $0.26 during midday trading on Friday, reaching $27.31. 557,694 shares of the company’s stock traded hands, compared to its average volume of 40,323. The company 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 52 week low of $24.31 and a 52 week high of $27.64. The firm has a market capitalization of $230.22 million, a PE ratio of 26.86 and a beta of 0.83.

Institutional Investors Weigh In On Neuberger Berman Small-Mid Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of NBSM. Stage Harbor Financial LLC bought a new stake in Neuberger Berman Small-Mid Cap ETF during the 4th quarter valued at $5,610,000. Bank of America Corp DE raised its holdings in Neuberger Berman Small-Mid Cap ETF by 49.1% during the 2nd 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 during the period. Royal Bank of Canada bought a new stake in Neuberger Berman Small-Mid Cap ETF during the 1st quarter valued at $1,288,000. Broadway Wealth Solutions Inc. raised its holdings in Neuberger Berman Small-Mid Cap ETF by 52.3% during 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 period. Finally, Raymond James Financial Inc. raised its holdings in Neuberger Berman Small-Mid Cap ETF by 20.8% during the 2nd quarter. Raymond James Financial Inc. now owns 173,905 shares of the company’s stock valued at $4,355,000 after acquiring an additional 29,995 shares during the period.

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.