Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Sees Large Decline in Short Interest

by · The Markets Daily

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM – Get Free Report) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 8,771 shares, a decline of 83.7% from the December 15th total of 53,911 shares. Based on an average daily volume of 36,051 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 36,051 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Christopher J. Hasenberg Inc bought a new stake in shares of Neuberger Berman Small-Mid Cap ETF in the second quarter valued at about $126,000. Motco acquired a new position in Neuberger Berman Small-Mid Cap ETF in the 2nd quarter valued at approximately $1,334,000. Worth Financial Advisory Group LLC bought a new stake in shares of Neuberger Berman Small-Mid Cap ETF in the 2nd quarter worth approximately $553,000. Broadway Wealth Solutions Inc. bought a new position in Neuberger Berman Small-Mid Cap ETF in the second quarter worth $1,712,000. Finally, Bank of America Corp DE boosted its stake in Neuberger Berman Small-Mid Cap ETF by 49.1% during the second quarter. Bank of America Corp DE now owns 190,347 shares of the company’s stock worth $4,766,000 after buying an additional 62,688 shares in the last quarter.

Neuberger Berman Small-Mid Cap ETF Trading Down 0.1%

Neuberger Berman Small-Mid Cap ETF stock traded down $0.02 during mid-day trading on Tuesday, hitting $26.45. 8,083 shares of the company’s stock were exchanged, compared to its average volume of 15,323. Neuberger Berman Small-Mid Cap ETF has a 1-year low of $20.83 and a 1-year high of $26.56. The stock has a 50 day moving average of $25.48 and a two-hundred day moving average of $25.52. The stock has a market cap of $210.81 million, a P/E ratio of 26.86 and a beta of 0.98.

Neuberger Berman 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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