Short Interest in Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) Drops By 75.3%

Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 765 shares, a drop of 75.3% from the December 15th total of 3,103 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 3,452 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 3,452 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Neuberger Berman Energy Transition & Infrastructure ETF Stock Performance

Shares of NYSEARCA NBET traded up $0.37 during mid-day trading on Tuesday, reaching $33.30. The company had a trading volume of 868 shares, compared to its average volume of 4,707. Neuberger Berman Energy Transition & Infrastructure ETF has a twelve month low of $27.68 and a twelve month high of $34.67. The stock’s 50 day moving average is $32.83 and its 200-day moving average is $32.55. The stock has a market capitalization of $29.30 million, a PE ratio of 19.01 and a beta of 0.99.

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

Several institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA bought a new position in shares of Neuberger Berman Energy Transition & Infrastructure ETF in the 3rd quarter valued at approximately $39,000. Osaic Holdings Inc. boosted its position 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 purchasing an additional 1,010 shares during the period. Jane Street Group LLC acquired a new position in Neuberger Berman Energy Transition & Infrastructure ETF during the second quarter valued at approximately $413,000. Janney Montgomery Scott LLC acquired a new position in Neuberger Berman Energy Transition & Infrastructure ETF during the second quarter valued at approximately $1,460,000. Finally, Beacon Pointe Advisors LLC raised its position in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 14.8% in the second quarter. Beacon Pointe Advisors LLC now owns 134,182 shares of the company’s stock valued at $4,406,000 after purchasing an additional 17,294 shares during the period.

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.