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

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 4,342 shares, a growth of 251.0% from the May 31st total of 1,237 shares. Based on an average daily trading volume, of 228,028 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Stage Harbor Financial LLC acquired a new stake in Neuberger Berman Small-Mid Cap ETF in the 4th quarter valued at about $5,610,000. Bank of America Corp DE increased its position 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 worth $4,766,000 after buying an additional 62,688 shares during the last quarter. Royal Bank of Canada bought a new stake in Neuberger Berman Small-Mid Cap ETF in the first quarter valued at approximately $1,288,000. Broadway Wealth Solutions Inc. raised its stake in Neuberger Berman Small-Mid Cap ETF by 52.3% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 114,302 shares of the company’s stock valued at $2,885,000 after buying an additional 39,233 shares during the period. Finally, Raymond James Financial Inc. lifted its position in shares of Neuberger Berman Small-Mid Cap ETF by 20.8% in the second quarter. Raymond James Financial Inc. now owns 173,905 shares of the company’s stock valued at $4,355,000 after buying an additional 29,995 shares during the last quarter.

Neuberger Berman Small-Mid Cap ETF Stock Performance

NBSM traded down $0.31 during trading on Monday, reaching $28.19. 86,400 shares of the stock were exchanged, compared to its average volume of 59,068. The stock’s 50 day moving average price is $26.89 and its two-hundred day moving average price is $26.40. Neuberger Berman Small-Mid Cap ETF has a twelve month low of $24.31 and a twelve month high of $28.50. The stock has a market cap of $237.64 million, a P/E ratio of 26.86 and a beta of 0.83.

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.