Short Interest in Neuberger Small-Mid Cap ETF (NYSEARCA:NBSM) Drops By 66.4%

by · The Markets Daily

Neuberger Small-Mid Cap ETF (NYSEARCA:NBSM – Get Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 775 shares, a decline of 66.4% from the August 15th total of 2,309 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 10,646 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Neuberger Small-Mid Cap ETF

Several hedge funds have recently modified their holdings of NBSM. Barnes Pettey Financial Advisors LLC lifted its position in shares of Neuberger Small-Mid Cap ETF by 9.4% during the 1st quarter. Barnes Pettey Financial Advisors LLC now owns 10,350 shares of the company’s stock valued at $261,000 after acquiring an additional 889 shares during the period. Raymond James Financial Inc. grew its holdings in Neuberger Small-Mid Cap ETF by 3.6% in the third quarter. Raymond James Financial Inc. now owns 180,178 shares of the company’s stock worth $4,564,000 after purchasing an additional 6,273 shares during the period. Susquehanna International Group LLP increased its stake in Neuberger Small-Mid Cap ETF by 77.5% in the third quarter. Susquehanna International Group LLP now owns 17,805 shares of the company’s stock valued at $451,000 after purchasing an additional 7,776 shares in the last quarter. Citadel Advisors LLC bought a new stake in Neuberger Small-Mid Cap ETF in the second quarter valued at $355,000. Finally, HighTower Advisors LLC raised its holdings in shares of Neuberger Small-Mid Cap ETF by 43.4% during the fourth quarter. HighTower Advisors LLC now owns 44,171 shares of the company’s stock valued at $1,115,000 after purchasing an additional 13,377 shares during the period.

Neuberger Small-Mid Cap ETF Stock Up 0.7%

NBSM traded up $0.20 during trading on Friday, hitting $28.23. The company’s stock had a trading volume of 8,027 shares, compared to its average volume of 46,067. Neuberger Small-Mid Cap ETF has a twelve month low of $24.31 and a twelve month high of $29.61. The stock’s fifty day moving average price is $28.74 and its 200-day moving average price is $27.32. The firm has a market capitalization of $114.33 million, a P/E ratio of 26.86 and a beta of 0.77.

Neuberger Small-Mid Cap ETF Company Profile

(Get Free Report)

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.

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