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

Neuberger Small-Mid Cap ETF (NYSEARCA:NBSM) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 775 shares, a drop of 66.4% from the August 15th total of 2,309 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 10,646 shares, the short-interest ratio is presently 0.1 days.

Neuberger Small-Mid Cap ETF Stock Up 0.7%

Shares of NBSM traded up $0.20 during midday trading on Friday, reaching $28.23. 8,027 shares of the stock were exchanged, compared to its average volume of 46,067. Neuberger Small-Mid Cap ETF has a twelve month low of $24.31 and a twelve month high of $29.61. The company has a market cap of $114.33 million, a P/E ratio of 26.86 and a beta of 0.77. The stock’s 50 day simple moving average is $28.74 and its 200 day simple moving average is $27.32.

Hedge Funds Weigh In On Neuberger Small-Mid Cap ETF

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada acquired a new position in shares of Neuberger Small-Mid Cap ETF during the 1st quarter worth approximately $738,000. Raymond James Financial Inc. increased its holdings in shares of Neuberger Small-Mid Cap ETF by 20.8% during the second quarter. Raymond James Financial Inc. now owns 173,905 shares of the company’s stock worth $4,355,000 after purchasing an additional 29,995 shares during the period. Bank of America Corp DE raised its position in shares of Neuberger Small-Mid Cap ETF by 49.1% in the second quarter. Bank of America Corp DE now owns 190,347 shares of the company’s stock valued at $4,766,000 after buying an additional 62,688 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Neuberger Small-Mid Cap ETF in the third quarter valued at approximately $337,000. Finally, Susquehanna International Group LLP boosted its stake in shares of Neuberger Small-Mid Cap ETF by 77.5% in the third quarter. Susquehanna International Group LLP now owns 17,805 shares of the company’s stock valued at $451,000 after buying an additional 7,776 shares during the period.

Neuberger Small-Mid Cap ETF Company Profile

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.