Neuberger Disrupters ETF (NYSEARCA:NBDS – Get Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 3,295 shares, a drop of 71.7% from the August 15th total of 11,638 shares. Based on an average daily trading volume, of 6,104 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Fortis Group Advisors LLC boosted its stake in Neuberger Disrupters ETF by 5.1% during the fourth quarter. Fortis Group Advisors LLC now owns 7,067 shares of the company’s stock worth $240,000 after buying an additional 343 shares during the period. Assetmark Inc. boosted its position in shares of Neuberger Disrupters ETF by 3.6% during the 1st quarter. Assetmark Inc. now owns 14,569 shares of the company’s stock worth $447,000 after acquiring an additional 500 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Neuberger Disrupters ETF in the 2nd quarter valued at $82,000.
Neuberger Disrupters ETF Price Performance
NBDS stock traded up $0.35 during trading on Friday, hitting $40.00. The stock had a trading volume of 50,498 shares, compared to its average volume of 24,464. Neuberger Disrupters ETF has a twelve month low of $29.42 and a twelve month high of $42.86. The company’s 50-day moving average price is $40.57 and its two-hundred day moving average price is $37.60. The stock has a market capitalization of $147.20 million, a P/E ratio of 52.74 and a beta of 1.36.
About Neuberger 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.
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