Neuberger Small-Mid Cap ETF (NYSEARCA:NBSM) Shares Shorted: Short Interest Down 41.5% in September

Neuberger Small-Mid Cap ETF (NYSEARCA:NBSM) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 1,105 shares, a drop of 41.5% from the September 15th total of 1,888 shares. Based on an average daily trading volume, of 8,324 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Neuberger Small-Mid Cap ETF Price Performance

NYSEARCA NBSM traded up $0.21 on Thursday, hitting $27.88. The company had a trading volume of 17,856 shares, compared to its average volume of 41,881. The company’s fifty day moving average price is $28.46 and its 200-day moving average price is $27.62. The company has a market capitalization of $109.29 million, a PE ratio of 26.86 and a beta of 0.79. Neuberger Small-Mid Cap ETF has a 12-month low of $24.31 and a 12-month high of $29.61.

Institutional Investors Weigh In On Neuberger Small-Mid Cap ETF

Several hedge funds have recently modified their holdings of the stock. CX Institutional purchased a new position in Neuberger Small-Mid Cap ETF during the third quarter worth approximately $72,000. Citadel Advisors LLC acquired a new position in Neuberger Small-Mid Cap ETF in the second quarter valued at $355,000. Royal Bank of Canada acquired a new position in Neuberger Small-Mid Cap ETF in the first quarter valued at $1,288,000. Finally, Barnes Pettey Financial Advisors LLC boosted its holdings in Neuberger Small-Mid Cap ETF by 9.4% in the first quarter. Barnes Pettey Financial Advisors LLC now owns 10,350 shares of the company’s stock valued at $261,000 after acquiring an additional 889 shares during the last quarter.

About Neuberger Small-Mid Cap ETF

The Neuberger Berman Small-Mid Cap ETF (NBSM) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, focusing on capital appreciation through investments in small- and mid-cap companies aligned with the Russell 2000 and Midcap Index. NBSM was launched on Mar 20, 2024 and is issued by Neuberger Berman.