Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) Sees Large Drop in Short Interest

Neuberger Berman Energy Transition & Infrastructure ETF (NYSEARCA:NBET) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,244 shares, a decrease of 82.2% from the April 15th total of 6,971 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 7,283 shares, the short-interest ratio is currently 0.2 days.

Neuberger Berman Energy Transition & Infrastructure ETF Trading Up 0.6%

NYSEARCA:NBET traded up $0.25 on Tuesday, reaching $40.56. The stock had a trading volume of 4,455 shares, compared to its average volume of 6,039. The company has a 50-day moving average of $40.18 and a 200 day moving average of $36.13. The stock has a market cap of $43.80 million, a P/E ratio of 19.01 and a beta of 0.81. Neuberger Berman Energy Transition & Infrastructure ETF has a 12-month low of $31.32 and a 12-month high of $42.09.

Hedge Funds Weigh In On Neuberger Berman Energy Transition & Infrastructure ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NBET. Osaic Holdings Inc. boosted its position in Neuberger Berman Energy Transition & Infrastructure ETF by 60.3% in the 2nd quarter. Osaic Holdings Inc. now owns 2,686 shares of the company’s stock valued at $88,000 after buying an additional 1,010 shares during the last quarter. Royal Bank of Canada boosted its position in Neuberger Berman Energy Transition & Infrastructure ETF by 32.0% in the 4th quarter. Royal Bank of Canada now owns 4,360 shares of the company’s stock valued at $143,000 after buying an additional 1,056 shares during the last quarter. Jane Street Group LLC purchased a new position in Neuberger Berman Energy Transition & Infrastructure ETF in the 2nd quarter valued at about $413,000. Stratos Wealth Partners LTD. purchased a new position in Neuberger Berman Energy Transition & Infrastructure ETF in the 4th quarter valued at about $608,000. Finally, Janney Montgomery Scott LLC boosted its position in Neuberger Berman Energy Transition & Infrastructure ETF by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 44,003 shares of the company’s stock valued at $1,440,000 after buying an additional 1,099 shares during the last quarter.

Neuberger Berman Energy Transition & Infrastructure ETF Company Profile

The Neuberger Berman Energy Transition & Infrastructure ETF (NBET) is an exchange-traded fund that mostly invests in energy equity. The fund uses a fundamental, bottom-up approach to actively invest in energy transition and infrastructure companies of any size from developed and emerging markets. The fund seeks to provide total return. NBET was launched on Apr 6, 2022 and is issued by Neuberger Berman.