Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) Short Interest Up 945.2% in May

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

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

A number of institutional investors and hedge funds have recently made changes to their positions in NBET. Jane Street Group LLC bought a new position in shares of Neuberger Berman Energy Transition & Infrastructure ETF during the 2nd quarter worth about $413,000. Osaic Holdings Inc. boosted its position in shares of 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 purchasing an additional 1,010 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Neuberger Berman Energy Transition & Infrastructure ETF during the 4th quarter worth about $608,000. Janney Montgomery Scott LLC boosted its position in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 2.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 44,003 shares of the company’s stock worth $1,440,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Royal Bank of Canada boosted its position 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 worth $143,000 after purchasing an additional 1,056 shares in the last quarter.

Neuberger Berman Energy Transition & Infrastructure ETF Price Performance

Shares of NBET stock traded down $0.75 on Wednesday, reaching $40.16. 4,046 shares of the company were exchanged, compared to its average volume of 5,859. The company has a market cap of $43.37 million, a price-to-earnings ratio of 19.01 and a beta of 0.81. The company has a 50-day moving average of $40.56 and a 200-day moving average of $36.92. Neuberger Berman Energy Transition & Infrastructure ETF has a one year low of $31.34 and a one year high of $42.24.

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.