Neuberger Energy Transition & Infrastructure ETF (NYSEARCA:NBET – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 13,916 shares, a growth of 160.0% from the October 15th total of 5,353 shares. Based on an average daily volume of 10,544 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.0% of the company’s stock are short sold.
Institutional Investors Weigh In On Neuberger Energy Transition & Infrastructure ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in NBET. Citadel Advisors LLC bought a new position in shares of Neuberger Energy Transition & Infrastructure ETF in the 2nd quarter valued at about $286,000. Royal Bank of Canada raised its holdings in Neuberger Energy Transition & Infrastructure ETF by 362.1% during the first quarter. Royal Bank of Canada now owns 20,146 shares of the company’s stock worth $828,000 after acquiring an additional 15,786 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in Neuberger Energy Transition & Infrastructure ETF during the third quarter worth about $2,225,000.
Neuberger Energy Transition & Infrastructure ETF Stock Performance
Neuberger Energy Transition & Infrastructure ETF stock traded up $0.15 during mid-day trading on Friday, reaching $41.15. The company’s stock had a trading volume of 4,473 shares, compared to its average volume of 5,774. The company has a market capitalization of $55.55 million, a price-to-earnings ratio of 19.01 and a beta of 0.75. Neuberger Energy Transition & Infrastructure ETF has a 12 month low of $32.14 and a 12 month high of $43.63. The business’s 50 day simple moving average is $41.10 and its 200 day simple moving average is $40.16.
Neuberger 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.
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