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

Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 4,856 shares, an increase of 70.9% from the February 26th total of 2,842 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 5,655 shares, the days-to-cover ratio is currently 0.9 days.

Neuberger Berman Energy Transition & Infrastructure ETF Price Performance

Shares of NBET stock traded up $0.17 during trading hours on Friday, reaching $41.73. 3,827 shares of the company traded hands, compared to its average volume of 5,411. The firm has a 50-day moving average price of $37.90 and a 200 day moving average price of $34.47. The company has a market cap of $38.81 million, a P/E ratio of 19.01 and a beta of 0.99. Neuberger Berman Energy Transition & Infrastructure ETF has a 12-month low of $27.68 and a 12-month high of $42.09.

Hedge Funds Weigh In On Neuberger Berman Energy Transition & Infrastructure ETF

Large investors have recently added to or reduced their stakes in the company. Beacon Pointe Advisors LLC boosted its position in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 4.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 152,047 shares of the company’s stock worth $4,975,000 after purchasing an additional 6,877 shares during the period. Royal Bank of Canada lifted its stake in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 32.0% during the 4th 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 boosted its holdings in Neuberger Berman Energy Transition & Infrastructure ETF by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 44,003 shares of the company’s stock worth $1,440,000 after buying an additional 1,099 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in Neuberger Berman Energy Transition & Infrastructure ETF in the 4th quarter worth $608,000. Finally, Private Trust Co. NA purchased a new stake in Neuberger Berman Energy Transition & Infrastructure ETF in the 3rd quarter worth $39,000.

About Neuberger Berman Energy Transition & Infrastructure ETF

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.