Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) Sees Large Growth in Short Interest

Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 4,856 shares, a growth of 70.9% from the February 26th total of 2,842 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 5,655 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Neuberger Berman Energy Transition & Infrastructure ETF

A number of hedge funds have recently modified their holdings of the company. Beacon Pointe Advisors LLC grew its holdings in 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 during the period. Janney Montgomery Scott LLC raised its holdings in Neuberger Berman Energy Transition & Infrastructure ETF by 2.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 44,003 shares of the company’s stock worth $1,440,000 after purchasing an additional 1,099 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in Neuberger Berman Energy Transition & Infrastructure ETF in the fourth quarter worth $608,000. Jane Street Group LLC bought a new position in shares of Neuberger Berman Energy Transition & Infrastructure ETF during the second quarter worth $413,000. Finally, Royal Bank of Canada boosted its position in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 32.0% during the fourth quarter. Royal Bank of Canada now owns 4,360 shares of the company’s stock worth $143,000 after purchasing an additional 1,056 shares in the last quarter.

Neuberger Berman Energy Transition & Infrastructure ETF Stock Performance

NYSEARCA:NBET traded up $0.17 during mid-day trading on Friday, hitting $41.73. The company had a trading volume of 3,827 shares, compared to its average volume of 5,411. Neuberger Berman Energy Transition & Infrastructure ETF has a fifty-two week low of $27.68 and a fifty-two week high of $42.09. The firm has a market cap of $38.81 million, a P/E ratio of 19.01 and a beta of 0.99. The business’s fifty day moving average is $38.05 and its two-hundred day moving average is $34.56.

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.