Neuberger Berman Growth ETF (NYSEARCA:NBGX) Sees Significant Decrease in Short Interest

Neuberger Berman Growth ETF (NYSEARCA:NBGX) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 4 shares, a drop of 99.4% from the July 30th total of 635 shares. Based on an average daily trading volume, of 216 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of Neuberger Berman Growth ETF

A hedge fund recently raised its position in Neuberger Berman Growth ETF stock. Royal Bank of Canada grew its stake in Neuberger Berman Growth ETF (NYSEARCA:NBGX) by 5,018.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,898 shares of the company’s stock after buying an additional 25,392 shares during the period. Royal Bank of Canada owned 5.18% of Neuberger Berman Growth ETF worth $659,000 at the end of the most recent quarter.

Neuberger Berman Growth ETF Stock Performance

Shares of NBGX stock opened at $29.59 on Wednesday. Neuberger Berman Growth ETF has a fifty-two week low of $24.60 and a fifty-two week high of $30.41. The firm has a market capitalization of $14.79 million, a price-to-earnings ratio of 36.12 and a beta of 1.23. The stock’s 50-day simple moving average is $29.34 and its 200-day simple moving average is $28.22.

About Neuberger Berman Growth ETF

The Neuberger Berman Growth ETF (NBGX) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap growth stocks from around the globe selected using a research-driven approach. The fund seeks long-term capital appreciation. NBGX was launched on Dec 18, 2024 and is issued by Neuberger Berman.