Short Interest in Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Decreases By 55.1%

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,237 shares, a decrease of 55.1% from the May 14th total of 2,756 shares. Based on an average trading volume of 32,117 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Stage Harbor Financial LLC bought a new position in shares of Neuberger Berman Small-Mid Cap ETF in the 4th quarter valued at $5,610,000. Bank of America Corp DE lifted its stake in shares of Neuberger Berman Small-Mid Cap ETF by 15.6% in the 3rd quarter. Bank of America Corp DE now owns 220,114 shares of the company’s stock valued at $5,575,000 after acquiring an additional 29,767 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Neuberger Berman Small-Mid Cap ETF by 3.6% in the 3rd quarter. Raymond James Financial Inc. now owns 180,178 shares of the company’s stock valued at $4,564,000 after acquiring an additional 6,273 shares during the last quarter. Broadway Wealth Solutions Inc. lifted its stake in shares of Neuberger Berman Small-Mid Cap ETF by 52.3% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 114,302 shares of the company’s stock valued at $2,885,000 after acquiring an additional 39,233 shares during the last quarter. Finally, Royal Bank of Canada bought a new position in shares of Neuberger Berman Small-Mid Cap ETF in the 1st quarter valued at $1,288,000.

Neuberger Berman Small-Mid Cap ETF Stock Performance

Shares of NBSM traded up $0.26 during trading hours on Friday, reaching $27.31. The stock had a trading volume of 557,694 shares, compared to its average volume of 40,323. Neuberger Berman Small-Mid Cap ETF has a 12 month low of $24.31 and a 12 month high of $27.64. The stock has a market capitalization of $230.22 million, a PE ratio of 26.86 and a beta of 0.83. The company’s 50-day moving average is $26.57 and its two-hundred day moving average is $26.25.

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.