Neuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC) Sees Significant Growth in Short Interest
by Jessica Moore · The Cerbat GemNeuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC – Get Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 1,549 shares, an increase of 70.0% from the March 15th total of 911 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 759 shares, the short-interest ratio is currently 2.0 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Neuberger Berman Flexible Credit Income ETF stock. Jane Street Group LLC raised its holdings in shares of Neuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC – Free Report) by 210.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,070 shares of the company’s stock after buying an additional 15,631 shares during the period. Jane Street Group LLC owned about 2.20% of Neuberger Berman Flexible Credit Income ETF worth $1,161,000 at the end of the most recent reporting period.
Neuberger Berman Flexible Credit Income ETF Trading Down 0.0%
NBFC traded down $0.01 on Wednesday, hitting $51.06. The company had a trading volume of 11 shares, compared to its average volume of 2,802. Neuberger Berman Flexible Credit Income ETF has a 12-month low of $49.34 and a 12-month high of $55.64. The business’s fifty day simple moving average is $50.84 and its 200 day simple moving average is $51.30.
Neuberger Berman Flexible Credit Income ETF Cuts Dividend
The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were given a $0.2368 dividend. The ex-dividend date was Tuesday, February 24th. This represents a c) annualized dividend and a yield of 5.6%.
About Neuberger Berman Flexible Credit Income ETF
The Neuberger Berman Flexible Credit Income ETF (NBFC) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, globally investing in fixed-income securities of any credit quality and maturity. The fund seeks high current income, and to a lesser extent, long-term capital appreciation. NBFC was launched on Jun 24, 2024 and is issued by Neuberger Berman.