Neuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC) Short Interest Down 69.4% in May

Neuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 70 shares, a drop of 69.4% from the April 30th total of 229 shares. Based on an average trading volume of 1,081 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Neuberger Berman Flexible Credit Income ETF Trading Up 0.1%

Shares of NYSEARCA:NBFC opened at $50.71 on Friday. Neuberger Berman Flexible Credit Income ETF has a 12-month low of $49.65 and a 12-month high of $55.64. The business’s fifty day simple moving average is $50.60 and its 200-day simple moving average is $51.11.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Neuberger Berman Flexible Credit Income ETF stock. Smartleaf Asset Management LLC purchased a new position in Neuberger Berman Flexible Credit Income ETF (NYSEARCA:NBFC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 49,739 shares of the company’s stock, valued at approximately $2,553,000. Smartleaf Asset Management LLC owned about 3.92% of Neuberger Berman Flexible Credit Income ETF at the end of the most recent quarter.

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.