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

Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 13,002 shares, a growth of 945.2% from the April 30th total of 1,244 shares. Based on an average daily trading volume, of 6,455 shares, the short-interest ratio is presently 2.0 days. Approximately 1.2% of the company’s stock are short sold.

Neuberger Berman Energy Transition & Infrastructure ETF Stock Down 0.1%

Shares of NYSEARCA NBET traded down $0.05 on Thursday, hitting $40.11. The company had a trading volume of 1,842 shares, compared to its average volume of 5,819. Neuberger Berman Energy Transition & Infrastructure ETF has a 12-month low of $31.34 and a 12-month high of $42.24. The business has a 50 day moving average of $40.56 and a two-hundred day moving average of $36.92. The firm has a market capitalization of $43.32 million, a P/E ratio of 19.01 and a beta of 0.81.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NBET. Osaic Holdings Inc. grew its holdings in Neuberger Berman Energy Transition & Infrastructure ETF by 60.3% during the 2nd quarter. Osaic Holdings Inc. now owns 2,686 shares of the company’s stock worth $88,000 after acquiring an additional 1,010 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 32.0% in 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 during the period. Jane Street Group LLC acquired a new position in shares of Neuberger Berman Energy Transition & Infrastructure ETF in the 2nd quarter valued at about $413,000. Stratos Wealth Partners LTD. acquired a new position in shares of Neuberger Berman Energy Transition & Infrastructure ETF in the 4th quarter valued at about $608,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of 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 valued at $1,440,000 after buying an additional 1,099 shares during the period.

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.