Neuberger Berman Disrupters ETF (NYSEARCA:NBDS) Sees Significant Drop in Short Interest

Neuberger Berman Disrupters ETF (NYSEARCA:NBDS) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 11,300 shares, a decline of 64.5% from the July 15th total of 31,842 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 64,245 shares, the short-interest ratio is currently 0.2 days.

Neuberger Berman Disrupters ETF Stock Up 0.2%

NYSEARCA NBDS traded up $0.07 on Friday, hitting $42.54. The stock had a trading volume of 6,627 shares, compared to its average volume of 26,376. The company’s 50-day moving average is $40.59 and its two-hundred day moving average is $36.48. Neuberger Berman Disrupters ETF has a one year low of $29.42 and a one year high of $42.80. The stock has a market cap of $156.55 million, a price-to-earnings ratio of 52.74 and a beta of 1.35.

Hedge Funds Weigh In On Neuberger Berman Disrupters ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. raised its position in shares of Neuberger Berman Disrupters ETF by 293.6% during the 4th quarter. Assetmark Inc. now owns 14,069 shares of the company’s stock worth $499,000 after buying an additional 10,495 shares in the last quarter. Fortis Group Advisors LLC lifted its stake in shares of Neuberger Berman Disrupters ETF by 5.1% in the 4th quarter. Fortis Group Advisors LLC now owns 7,067 shares of the company’s stock worth $240,000 after acquiring an additional 343 shares during the period. Evolve Private Wealth LLC bought a new position in shares of Neuberger Berman Disrupters ETF in the second quarter valued at approximately $650,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Neuberger Berman Disrupters ETF in the second quarter valued at approximately $142,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Neuberger Berman Disrupters ETF during the second quarter valued at approximately $1,083,000.

About Neuberger Berman Disrupters ETF

The Neuberger Berman Disrupters ETF (NBDS) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund is an actively managed portfolio of global companies that are perceived to be positioned to benefit from disruptive innovations and trends. NBDS was launched on Apr 6, 2022 and is managed by Neuberger Berman.