Neuberger Berman Core Equity ETF (NYSEARCA:NBCR) Sees Significant Decline in Short Interest

Neuberger Berman Core Equity ETF (NYSEARCA:NBCR) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 3,655 shares, a drop of 76.8% from the May 14th total of 15,747 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 14,877 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Neuberger Berman Core Equity ETF

Several hedge funds have recently added to or reduced their stakes in NBCR. LPL Financial LLC acquired a new position in Neuberger Berman Core Equity ETF during the 4th quarter valued at approximately $730,000. Ibex Wealth Advisors purchased a new stake in Neuberger Berman Core Equity ETF during the fourth quarter worth $653,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Neuberger Berman Core Equity ETF during the fourth quarter worth $642,000. Royal Bank of Canada boosted its holdings in Neuberger Berman Core Equity ETF by 2,067.2% during the first quarter. Royal Bank of Canada now owns 19,895 shares of the company’s stock worth $590,000 after buying an additional 18,977 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Neuberger Berman Core Equity ETF during the fourth quarter worth $361,000.

Neuberger Berman Core Equity ETF Stock Up 0.5%

NYSEARCA NBCR traded up $0.15 on Friday, reaching $33.27. The company had a trading volume of 13,053 shares, compared to its average volume of 116,705. The stock has a market capitalization of $859.70 million, a PE ratio of 26.34 and a beta of 1.00. The firm’s 50 day moving average price is $32.63 and its 200 day moving average price is $31.79. Neuberger Berman Core Equity ETF has a 12 month low of $27.53 and a 12 month high of $34.00.

Neuberger Berman Core Equity ETF Company Profile

The Neuberger Berman Core Equity ETF (NBCR) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, seeking long-term capital appreciation by investing in US large-cap stocks. The fund selects based on fundamental analysis conducted by portfolio managers in collaboration with research analysts. NBCR was launched on Jul 31, 2024 and is issued by Neuberger Berman.