Neuberger Small-Mid Cap ETF (NYSEARCA:NBSM) Shares Shorted: Short Interest Up 619.0% in October

Neuberger Small-Mid Cap ETF (NYSEARCA:NBSM) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 7,945 shares, an increase of 619.0% from the September 30th total of 1,105 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,574 shares, the short-interest ratio is currently 0.5 days.

Neuberger Small-Mid Cap ETF Stock Performance

NBSM traded up $0.03 during mid-day trading on Tuesday, reaching $28.28. The stock had a trading volume of 4,006 shares, compared to its average volume of 40,754. The stock has a market capitalization of $112.26 million, a P/E ratio of 26.86 and a beta of 0.79. The firm’s fifty day simple moving average is $28.31 and its two-hundred day simple moving average is $27.30. Neuberger Small-Mid Cap ETF has a 52 week low of $24.31 and a 52 week high of $29.61.

Institutional Trading of Neuberger Small-Mid Cap ETF

A number of hedge funds have recently modified their holdings of NBSM. Broadway Wealth Solutions Inc. boosted its position in shares of Neuberger Small-Mid Cap ETF by 4.5% during the third quarter. Broadway Wealth Solutions Inc. now owns 135,787 shares of the company’s stock worth $3,704,000 after purchasing an additional 5,889 shares in the last quarter. Barrett & Company Inc. bought a new stake in shares of Neuberger Small-Mid Cap ETF in the 3rd quarter valued at $104,000. Worth Financial Advisory Group LLC increased its position in shares of Neuberger Small-Mid Cap ETF by 3.1% in the 3rd quarter. Worth Financial Advisory Group LLC now owns 30,034 shares of the company’s stock valued at $819,000 after buying an additional 898 shares in the last quarter. CX Institutional acquired a new stake in Neuberger Small-Mid Cap ETF during the 3rd quarter worth $72,000. Finally, Citadel Advisors LLC acquired a new stake in Neuberger Small-Mid Cap ETF during the 2nd quarter worth $355,000.

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.