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

Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 13,002 shares, a growth of 945.2% from the April 30th total of 1,244 shares. Based on an average daily volume of 6,455 shares, the short-interest ratio is presently 2.0 days. Currently, 1.2% of the shares of the stock are sold short.

Neuberger Berman Energy Transition & Infrastructure ETF Stock Performance

Shares of NYSEARCA:NBET traded down $0.59 on Friday, hitting $39.33. The stock had a trading volume of 2,735 shares, compared to its average volume of 5,793. The firm’s 50 day moving average price is $40.54 and its 200-day moving average price is $36.99. Neuberger Berman Energy Transition & Infrastructure ETF has a twelve month low of $31.34 and a twelve month high of $42.24. The company has a market capitalization of $42.48 million, a price-to-earnings ratio of 19.01 and a beta of 0.81.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NBET. Osaic Holdings Inc. raised its holdings in shares of Neuberger Berman Energy Transition & Infrastructure ETF by 60.3% in the second quarter. Osaic Holdings Inc. now owns 2,686 shares of the company’s stock valued at $88,000 after buying an additional 1,010 shares during the last quarter. Royal Bank of Canada raised 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 buying an additional 1,056 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Neuberger Berman Energy Transition & Infrastructure ETF in the second quarter valued at about $413,000. Stratos Wealth Partners LTD. bought a new position in shares of Neuberger Berman Energy Transition & Infrastructure ETF in the fourth quarter valued at about $608,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of 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 valued at $1,440,000 after buying an additional 1,099 shares during 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.