Neuberger Disrupters ETF (NYSEARCA:NBDS – Get Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 3,295 shares, a decline of 71.7% from the August 15th total of 11,638 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 6,104 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Advisory Services LLC acquired a new stake in Neuberger Disrupters ETF in the second quarter worth $82,000. Assetmark Inc. raised its holdings in shares of Neuberger Disrupters ETF by 3.6% during the first quarter. Assetmark Inc. now owns 14,569 shares of the company’s stock valued at $447,000 after purchasing an additional 500 shares during the period. Finally, Fortis Group Advisors LLC raised its holdings in shares of Neuberger Disrupters ETF by 5.1% during the fourth quarter. Fortis Group Advisors LLC now owns 7,067 shares of the company’s stock valued at $240,000 after purchasing an additional 343 shares during the period.
Neuberger Disrupters ETF Stock Performance
Shares of Neuberger Disrupters ETF stock traded down $0.62 on Monday, reaching $39.38. 1,269 shares of the company’s stock were exchanged, compared to its average volume of 24,331. The company has a market capitalization of $144.92 million, a P/E ratio of 52.74 and a beta of 1.36. Neuberger Disrupters ETF has a 52 week low of $29.42 and a 52 week high of $42.86. The firm’s 50-day moving average is $40.57 and its two-hundred day moving average is $37.65.
About Neuberger Disrupters ETF
The Neuberger Berman Disrupters ETF (NBDS) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund is an actively managed portfolio of global companies that are perceived to be positioned to benefit from disruptive innovations and trends. NBDS was launched on Apr 6, 2022 and is managed by Neuberger Berman.
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