Short Interest in Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) Drops By 39.4%

Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 4,523 shares, a drop of 39.4% from the July 15th total of 7,469 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 5,519 shares, the short-interest ratio is currently 0.8 days.

Neuberger Berman Energy Transition & Infrastructure ETF Stock Up 1.7%

Shares of NYSEARCA NBET opened at $42.21 on Wednesday. The firm has a market cap of $49.39 million, a price-to-earnings ratio of 19.01 and a beta of 0.76. Neuberger Berman Energy Transition & Infrastructure ETF has a 52-week low of $31.34 and a 52-week high of $42.29. The business’s 50 day moving average is $39.93 and its two-hundred day moving average is $39.74.

Institutional Investors Weigh In On Neuberger Berman Energy Transition & Infrastructure ETF

A number of institutional investors have recently modified their holdings of NBET. Royal Bank of Canada lifted its stake in Neuberger Berman Energy Transition & Infrastructure ETF by 362.1% during the 1st quarter. Royal Bank of Canada now owns 20,146 shares of the company’s stock worth $828,000 after acquiring an additional 15,786 shares in the last quarter. Jane Street Group LLC purchased a new stake in Neuberger Berman Energy Transition & Infrastructure ETF during the second quarter worth about $413,000. Beacon Pointe Advisors LLC increased its stake in Neuberger Berman Energy Transition & Infrastructure ETF by 4.7% during 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. Janney Montgomery Scott LLC lifted its position in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 2.6% during the fourth 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, Osaic Holdings Inc. lifted its position in shares of 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 in the last quarter.

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.