Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) Sees Significant Drop in Short Interest

Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 4,523 shares, a drop of 39.4% from the July 15th total of 7,469 shares. Based on an average trading volume of 5,519 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the shares of the stock are short sold.

Neuberger Berman Energy Transition & Infrastructure ETF Stock Performance

Shares of NYSEARCA NBET opened at $41.96 on Thursday. The firm has a market capitalization of $49.09 million, a P/E ratio of 19.01 and a beta of 0.76. Neuberger Berman Energy Transition & Infrastructure ETF has a one year low of $31.34 and a one year high of $42.50. The company’s fifty day moving average is $39.96 and its two-hundred day moving average is $39.79.

Institutional Trading of Neuberger Berman Energy Transition & Infrastructure ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. boosted its holdings in Neuberger Berman Energy Transition & Infrastructure ETF by 60.3% during the second quarter. Osaic Holdings Inc. now owns 2,686 shares of the company’s stock worth $88,000 after buying an additional 1,010 shares in the last quarter. Royal Bank of Canada increased its holdings in Neuberger Berman Energy Transition & Infrastructure ETF by 32.0% in the fourth quarter. Royal Bank of Canada now owns 4,360 shares of the company’s stock valued at $143,000 after buying an additional 1,056 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Neuberger Berman Energy Transition & Infrastructure ETF by 2.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 44,003 shares of the company’s stock valued at $1,440,000 after buying an additional 1,099 shares in the last quarter. Beacon Pointe Advisors LLC lifted its position in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 4.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 152,047 shares of the company’s stock valued at $4,975,000 after acquiring an additional 6,877 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Neuberger Berman Energy Transition & Infrastructure ETF during the 2nd quarter valued at approximately $413,000.

Neuberger Berman Energy Transition & Infrastructure ETF Company Profile

The Neuberger Berman Energy Transition & Infrastructure ETF (NBET) is an exchange-traded fund that mostly invests in energy equity. The fund uses a fundamental, bottom-up approach to actively invest in energy transition and infrastructure companies of any size from developed and emerging markets. The fund seeks to provide total return. NBET was launched on Apr 6, 2022 and is issued by Neuberger Berman.