Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Short Interest Down 48.3% in July

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 2,455 shares, a drop of 48.3% from the June 30th total of 4,745 shares. Based on an average trading volume of 21,014 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Neuberger Berman Small-Mid Cap ETF

A number of hedge funds have recently added to or reduced their stakes in NBSM. Barnes Pettey Financial Advisors LLC lifted its holdings in shares of Neuberger Berman Small-Mid Cap ETF by 10.2% in the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 9,461 shares of the company’s stock valued at $239,000 after buying an additional 873 shares during the period. Citadel Advisors LLC purchased a new stake in Neuberger Berman Small-Mid Cap ETF in the 3rd quarter worth approximately $337,000. Susquehanna International Group LLP boosted its stake in Neuberger Berman Small-Mid Cap ETF by 77.5% in the 3rd quarter. Susquehanna International Group LLP now owns 17,805 shares of the company’s stock worth $451,000 after buying an additional 7,776 shares during the last quarter. Worth Financial Advisory Group LLC boosted its position in shares of Neuberger Berman Small-Mid Cap ETF by 2.5% in the fourth quarter. Worth Financial Advisory Group LLC now owns 26,514 shares of the company’s stock worth $669,000 after acquiring an additional 637 shares during the last quarter. Finally, Royal Bank of Canada acquired a new stake in shares of Neuberger Berman Small-Mid Cap ETF during the 1st quarter worth $738,000.

Neuberger Berman Small-Mid Cap ETF Price Performance

Shares of NBSM stock traded down $0.15 during trading hours on Wednesday, hitting $28.50. The stock had a trading volume of 10,799 shares, compared to its average volume of 52,875. The stock’s 50 day moving average is $27.59 and its 200 day moving average is $26.81. The firm has a market capitalization of $115.42 million, a PE ratio of 26.86 and a beta of 0.77. Neuberger Berman Small-Mid Cap ETF has a twelve month low of $24.31 and a twelve month high of $28.84.

About Neuberger Berman Small-Mid Cap ETF

The Neuberger Berman Small-Mid Cap ETF (NBSM) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, focusing on capital appreciation through investments in small- and mid-cap companies aligned with the Russell 2000 and Midcap Index. NBSM was launched on Mar 20, 2024 and is issued by Neuberger Berman.