Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Sees Significant Decline in Short Interest

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,756 shares, a decrease of 61.8% from the April 30th total of 7,215 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 19,416 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Neuberger Berman Small-Mid Cap ETF

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada bought a new position in shares of Neuberger Berman Small-Mid Cap ETF in the first quarter valued at about $1,288,000. Barnes Pettey Financial Advisors LLC raised its position in shares of Neuberger Berman 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 purchasing an additional 889 shares during the period. Stage Harbor Financial LLC bought a new position in shares of Neuberger Berman Small-Mid Cap ETF in the fourth quarter valued at about $5,610,000. HighTower Advisors LLC raised its position in shares of Neuberger Berman Small-Mid Cap ETF by 43.4% in the fourth quarter. HighTower Advisors LLC now owns 44,171 shares of the company’s stock valued at $1,115,000 after purchasing an additional 13,377 shares during the period. Finally, Broadway Wealth Solutions Inc. raised its position in shares of Neuberger Berman Small-Mid Cap ETF by 52.3% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 114,302 shares of the company’s stock valued at $2,885,000 after purchasing an additional 39,233 shares during the period.

Neuberger Berman Small-Mid Cap ETF Price Performance

Shares of NBSM opened at $26.68 on Friday. The firm has a market capitalization of $224.91 million, a PE ratio of 26.86 and a beta of 0.89. The company’s 50-day moving average is $26.23 and its 200-day moving average is $26.12. Neuberger Berman Small-Mid Cap ETF has a fifty-two week low of $24.02 and a fifty-two week high of $27.64.

About Neuberger Berman 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.