Neuberger Small-Mid Cap ETF (NYSEARCA:NBSM – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 775 shares, a decline of 66.4% from the August 15th total of 2,309 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 10,646 shares, the short-interest ratio is currently 0.1 days.
Neuberger Small-Mid Cap ETF Stock Performance
Shares of NYSEARCA:NBSM traded up $0.20 during trading on Friday, reaching $28.23. The stock had a trading volume of 8,027 shares, compared to its average volume of 46,067. The firm’s fifty day moving average is $28.74 and its 200 day moving average is $27.32. Neuberger Small-Mid Cap ETF has a 52 week low of $24.31 and a 52 week high of $29.61. The stock has a market cap of $114.33 million, a price-to-earnings ratio of 26.86 and a beta of 0.77.
Hedge Funds Weigh In On Neuberger Small-Mid Cap ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC bought a new stake in Neuberger Small-Mid Cap ETF during the second quarter valued at $355,000. Royal Bank of Canada bought a new position in shares of Neuberger Small-Mid Cap ETF in the 1st quarter worth about $1,288,000. Barnes Pettey Financial Advisors LLC lifted its stake in shares of Neuberger Small-Mid Cap ETF by 9.4% in the 1st 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 acquired a new position in shares of Neuberger Small-Mid Cap ETF in the 4th quarter valued at about $5,610,000. Finally, HighTower Advisors LLC boosted its position in shares of Neuberger Small-Mid Cap ETF by 43.4% during the 4th 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 in the last quarter.
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.
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