Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) Short Interest Up 132.0% in February

Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 2,842 shares, an increase of 132.0% from the February 12th total of 1,225 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 10,436 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 10,436 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

Neuberger Berman Energy Transition & Infrastructure ETF Price Performance

NBET opened at $39.71 on Thursday. The stock’s 50 day moving average price is $36.23 and its 200 day moving average price is $33.87. The stock has a market cap of $36.93 million, a P/E ratio of 19.01 and a beta of 0.99. Neuberger Berman Energy Transition & Infrastructure ETF has a 12 month low of $27.68 and a 12 month high of $40.05.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Beacon Pointe Advisors LLC raised its stake in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 4.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 152,047 shares of the company’s stock valued at $4,975,000 after purchasing an additional 6,877 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Neuberger Berman Energy Transition & Infrastructure ETF by 2.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 44,003 shares of the company’s stock valued at $1,440,000 after buying an additional 1,099 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of Neuberger Berman Energy Transition & Infrastructure ETF during the 4th quarter worth about $608,000. Jane Street Group LLC acquired a new stake in shares of Neuberger Berman Energy Transition & Infrastructure ETF in the 2nd quarter worth approximately $413,000. Finally, Royal Bank of Canada boosted its holdings in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 32.0% in the fourth quarter. Royal Bank of Canada now owns 4,360 shares of the company’s stock valued at $143,000 after acquiring an additional 1,056 shares in the last quarter.

Neuberger Berman Energy Transition & Infrastructure ETF Company Profile

The Neuberger Berman Energy Transition & Infrastructure ETF (NBET) is an exchange-traded fund that mostly invests in energy equity. The fund uses a fundamental, bottom-up approach to actively invest in energy transition and infrastructure companies of any size from developed and emerging markets. The fund seeks to provide total return. NBET was launched on Apr 6, 2022 and is issued by Neuberger Berman.