NBET Neuberger Energy Transition & Infrastructure ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

NBET — —
Key stats
About

Neuberger Energy Transition & Infrastructure ETF (NBET) ETF

No description available.

Exchange
ARCX
Inception
2022-04-06
Has Options
No
Fund profile
holdings as of Apr 30, 2026SEC filingthrough Jul 2026flows, SEC filings
Expense ratio
0.65%
prospectus, filed Feb 24, 2026
Assets
$51M
shares × price, Oct 9, 2026
Trailing yield
2.45%
paid quarterly
Average daily volume
$242K
30 sessions
Holdings
33
top 10 are 56.8%
Listed
Apr 6, 2022
NYSE Arca
Last fee change
+10 bp
filed Dec 13, 2024
Closure risk, 12 months
3.5%
low: trading volume · model
FrenzyCap ETF score
29
how it is built
Cost32
Liquidity13
Scale26
Diversification49

Moves with. Value over growth (14% of its variance, beta 0.59); High yield over Treasuries (7% of its variance, beta 0.99). These factors explain 23% of its daily moves over the last year, so most of what drives this fund is something else.

Stated objective. The Fund seeks total return through growth and income. (from the fund's prospectus)

All 33 holdingsFlow historySimilar fundsOverlap toolAll Clean Energy & Climate ETFs

Fund flows
through Jul 2026SEC filings
Jul 2026
+$989K
latest reported month
Latest 3 months
+$4.0M
+8.5% of assets
Latest 12 months
+$18M
+38.4% of assets
Aug 2025: $0Sep 2025: $0SepOct 2025: +$800KNov 2025: +$4.9M+$4.9MNovDec 2025: +$842KJan 2026: +$1.7MJanFeb 2026: +$2.9MMar 2026: +$1.0MMarApr 2026: +$2.0MMay 2026: +$2.1MMayJun 2026: +$972KJul 2026: +$989KJul
View as a table
Net flows of NBET by month, Aug 2025 to Jul 2026
MonthNet flow
Jul 2026+$989K
Jun 2026+$972K
May 2026+$2.1M
Apr 2026+$2.0M
Mar 2026+$1.0M
Feb 2026+$2.9M
Jan 2026+$1.7M
Dec 2025+$842K
Nov 2025+$4.9M
Oct 2025+$800K
Sep 2025$0
Aug 2025$0

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 52 months ago

Similar funds
FundOverlapFeeAssets1Y
UMIUSCF Midstream Energy Income Fund55%0.69%$516M+14.7%compare
ENFRAlerian Energy Infrastructure ETF50%0.35%$537M+18.6%compare
USAIPacer American Energy Infrastructure ETF48%0.75%$115M+14.4%compare
TPZTortoise Electrification Infrastructure ETF44%0.85%$115M−3.3%compare
MLPXGlobal X MLP & Energy Infrastructure ETF44%0.45%$3.5B+16.4%compare

Ranked by how much of the two portfolios is the same securities.

Look-through: what the holdings say
weights as of Apr 30, 2026SEC filing
Holdings vs fair value
+24.5%
62% under, 27% over · 93% covered
Price / earnings
17.9
2% loss-making · 92% covered
Price / book · sales
2.8 · 1.3
revenue growth +15.6%
Above 200-day average
57%
39% above 50-day · by weight
Short interest
5.2%
of float, weighted · 4.6 days to cover
Insider buying
21%
of weight had net insider buying, 90 days; 31% net selling
13F holders
−0.8%
change in shares held by institutions, latest quarter
Reporting earnings
0.0%
of weight in 7 days; 0.0% in 14
Largest contributors below fair value
Largest contributors above fair value

Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.

What changed in the portfolio
Jan 31, 2026 → Apr 30, 2026
ActionHoldingWeight beforeWeight afterShares vs flows
New positionWSOWatsco Inc—2.56%—
New positionSEISolaris Energy Infrastructure Inc—1.61%—
DecreaseKNTKKinetik Holdings Inc2.63%1.12%−59.6%
IncreaseEPDEnterprise Products Partners LP6.64%7.56%+14.4%
New positionEXEExpand Energy Corp—0.91%—
ExitLinde PLC0.91%——
ExitAPDAir Products and Chemicals Inc0.80%——
DecreaseCNPCenterPoint Energy Inc2.28%1.54%−28.1%
DecreaseTRMLFTourmaline Oil Corp2.63%1.90%−17.2%
IncreaseETEnergy Transfer LP6.84%7.47%+17.0%

3 new, 3 exited, 2 increased and 7 decreased between the fund's two latest holdings reports; turnover 9.0%. Full holdings and history

Under the hood
fiscal year to Oct 31, 2025SEC census
Authorized participants
5 active
of 13 with agreements; top 3 did 79%
Created · redeemed
$12M · $4.1M
over the fiscal year
Redemptions in kind
92%
creations 97% in kind
Creation unit
25,000
shares
Securities lending
authorized, none lent
Diversification status
Non-diversified
may concentrate in fewer issuers

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-10-31
Holdings
32
AUM
$32.9M
Provider
Nport
Inception
2022-04-06
Exchange
ARCX
Data As Of
2026-10-31
Expense Ratio
0.65%
Dividend Yield
2.45%
Distribution
Quarterly
Recent distributions
Ex-Date Pay Date Amount Type
2026-09-23 2026-09-28 $0.3080 CD
2026-06-23 2026-06-26 $0.2994 CD
2026-03-20 2026-03-25 $0.2713 CD
2025-12-18 2025-12-23 $0.1253 CD
2025-09-23 2025-09-26 $0.2766 CD
2025-06-23 2025-06-26 $0.2707 CD
Asset Allocation
Top Holdings
top 32 of 32 holdings
Symbol Name Weight % Asset Class Country
TRGP Targa Resources Corp 8.62% Equity (common) US
ET Energy Transfer LP 6.84% Equity (common) US
EPD Enterprise Products Partners LP 6.64% Equity (common) US
DTM DT Midstream Inc 6.02% Equity (common) US
WMB Williams Cos Inc/The 5.56% Equity (common) US
LNG Cheniere Energy Inc 5.40% Equity (common) US
WES Western Midstream Partners LP 4.46% Equity (common) US
CWEN Clearway Energy Inc 4.17% Equity (common) US
AR Antero Resources Corp 3.89% Equity (common) US
AM Antero Midstream Corp 3.80% Equity (common) US
SRE Sempra 3.55% Equity (common) US
CVX Chevron Corp 3.19% Equity (common) US
XOM Exxon Mobil Corp 3.11% Equity (common) US
SUNC Sunococorp LLC 3.00% Equity (common) US
PAGP Plains GP Holdings LP 2.77% Equity (common) US
OXY Occidental Petroleum Corp 2.69% Equity (common) US
EQT EQT Corp 2.64% Equity (common) US
KNTK Kinetik Holdings Inc 2.63% Equity (common) US
TRMLF Tourmaline Oil Corp 2.63% Equity (common) CA
CRC California Resources Corp 2.28% Equity (common) US
CNP CenterPoint Energy Inc 2.28% Equity (common) US
COP ConocoPhillips 2.00% Equity (common) US
TDW Tidewater Inc 1.96% Equity (common) US
— Noble Corp PLC 1.85% Equity (common) GB
MPLX MPLX LP 1.60% Equity (common) US
OKE ONEOK Inc 1.40% Equity (common) US
HESM Hess Midstream LP 1.18% Equity (common) US
PBA Pembina Pipeline Corp 1.08% Equity (common) CA
— Linde PLC 0.91% Equity (common) IE
APD Air Products and Chemicals Inc 0.80% Equity (common) US
— State Street Global Advisors 0.46% Short-term investment US
BEPC Brookfield Renewable Corp 0.41% Equity (common) CA
Geographic Breakdown
Chart
Seasonality
Month'24'25'26Avg
Jan--2.50%7.84%5.17%
Feb---0.55%11.83%5.64%
Mar--3.17%3.06%3.12%
Apr---9.06%3.60%-2.73%
May--3.89%-4.70%-0.41%
Jun--1.76%-1.32%0.22%
Jul--1.07%4.22%2.65%
Aug--1.10%5.48%3.29%
Sep--0.54%-7.94%-3.70%
Oct---3.47%2.58%*-0.45%
Nov14.22%4.68%--9.45%
Dec-6.26%-2.27%---4.26%
Total7.07%2.58%25.71%11.79%
* Only 3 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $40.56
SMA 50: $41.12
SMA 200: $39.29
Current: $40.95
EMA 12: $40.45
EMA 26: $40.71
MACD: -0.2649 | Signal: 0.0897
BEARISH
ADX (14): 20.99
WEAK TREND
+DI: 25.70
−DI: 25.18

Momentum Oscillators

RSI (14): 52.63
NEUTRAL
Stoch %K: 67.80
Stoch %D: 58.80
Williams %R: -11.22

Volume & Volatility

BB Upper: $42.12
BB Lower: $39.00
NEUTRAL
OBV: -182,157
Vol SMA 20: 6,562
Vol ROC: -23.63%
ATR: $0.48
True Range: $0.24
HV 20: 14.9%
HV 30: 13.6%
HV 60: 15.7%

Data Summary

Data Points: 485
Last Updated:
Date Range: 2024-11-01T00:00:00 – 2026-10-09T00:00:00
AI Analysis

Here is my response to the prompt:

LLM Stock Analysis Report

Executive Summary

Overall Assessment: NEUTRAL (6/10)

Key Drivers: Technical indicators suggest a neutral trend, while recent news headlines are not available.

Primary Risks: Low volatility and lack of earnings or options data may limit potential price movements.

Investment Thesis: NBET's neutral technical trend and low volatility make it an attractive candidate for investors seeking stable returns. However, the absence of recent news headlines and earnings data limits our ability to assess its potential catalysts and drivers.

Recent News Sentiment Impact: N/A (no recent news available)

Technical Analysis

Trend Direction: Short-term: NEUTRAL (RSI 48.71), Medium-term: BEARISH (SMA 50 < current price), Long-term: BULLISH (EMA 12 > SMA 20)

Support/Resistance Levels: Key levels include:

  • Support: $32.45 (Bollinger Band Lower)
  • Resistance: $33.80 (Bollinger Band Upper)
  • Key Trend Line: $33.13 (SMA 20)

Momentum Signals:

  • RSI interpretation: Neutral (48.71), no overbought or oversold conditions
  • MACD signal: Bullish (0.23 Histogram), indicating a potential uptrend
  • Bollinger Bands position: Neutral, with the price hovering around the middle band

Volume Analysis: Volume indicators suggest:

  • Low volume trend (11909.60 SMA 20)
  • On-Balance Volume (OBV) is negative (-76254.00)
  • Volume Rate of Change is -37.17%, indicating a decline in trading activity

News & Sentiment Analysis

Recent Headlines Summary: N/A (no recent news available)

Sentiment Assessment: Neutral, with no recent headlines to provide sentiment insights.

Catalyst Identification: None identified due to lack of recent news and earnings data.

Market Narrative: The neutral technical trend and low volatility suggest a stable market environment. However, the absence of catalysts limits our ability to predict potential price movements.

Risk & Volatility Assessment

Beta Interpretation: Low risk (0.76 vs SPY), indicating that NBET moves less than the broader market.

Volatility Regime: Low volatility (stock volatility: 0.22), suggesting a stable market environment.

Options Market Signals: N/A (no options data available)

Downside Protection: Support levels include $32.45 (Bollinger Band Lower) and $32.30 (SMA 200).

Market Context & Positioning

Sector Performance: N/A (no sector data available)

Institutional Activity: Low institutional interest, as indicated by the volume indicators.

Correlation Analysis: Correlation with the broader market is 0.69, indicating a moderate relationship.

Relative Valuation: NBET's price is relatively stable within its trading range, suggesting no clear overbought or oversold conditions.

Key Levels & Action Items

Critical Price Levels: Support: $32.45 (Bollinger Band Lower), Resistance: $33.80 (Bollinger Band Upper)

Breakout/Breakdown Levels: None identified due to the neutral technical trend.

Time-Sensitive Catalysts: N/A (no earnings data available)

Risk Management: Stop-loss levels should be set around $32.30 (SMA 200) and position sizing considerations should include the low volatility regime.

Please note that this analysis is based on the limited information provided, and further research would be necessary to form a more comprehensive view of NBET's prospects.

Generated

NBET Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: -0.0608
Alpha: 24.91%
Correlation: -0.0505
R-Squared: 0.3%
Stock Volatility: 15.7%
Market Volatility: 13.0%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Beta & Alpha Over Time

NBET Institutional Ownership (13F)

Latest filings — 2026-06-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

14 filers798,038 shares$31.21M value
# Filer Shares Value % of Total % of Float Period
1 Neuberger Berman Group LLC 247,419 $9.68M 31.00% — 2026-06-30
2 LPL Financial LLC Custodian 237,670 $9.30M 29.78% — 2026-06-30
3 Beacon Pointe Advisors, LLC 153,159 $5.99M 19.19% — 2026-06-30
4 HighTower Advisors, LLC 56,411 $2.21M 7.07% — 2026-06-30
5 Janney Montgomery Scott LLC 44,575 $1.74M 5.58% — 2026-06-30
6 Stratos Wealth Partners, LTD. 20,747 $811.45K 2.60% — 2026-06-30
7 Royal Bank of Canada Custodian 18,109 $708.00K 2.27% — 2026-06-30
8 Citadel Advisors LLC Custodian 7,322 $286.37K 0.92% — 2026-06-30
9 Envestnet Asset Management, Inc. 7,104 $277.85K 0.89% — 2026-06-30
10 OSAIC HOLDINGS, INC. Custodian 2,503 $97.89K 0.31% — 2026-06-30
11 PRIVATE TRUST CO NA 1,514 $59.21K 0.19% — 2026-06-30
12 HARBOUR INVESTMENTS, INC. 1,026 $40.13K 0.13% — 2026-06-30
13 Glass Jacobson Investment Advisors llc 279 $10.91K 0.04% — 2026-06-30
14 PNC Financial Services Group, Inc. Custodian 200 $7.82K 0.03% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
NBET Constituent Performance

Click any bar to view the full quote for that stock.

NBET Constituents (28 of 29)
Symbol Name Weight % Price 1 Day 1 Week 1 Month
TRGP Targa Resources Corp 8.62% $286.7 -0.62%+1.76%-1.22%
ET Energy Transfer LP 6.84% $20.41 -1.02%-0.29%-5.29%
EPD Enterprise Products Partners LP 6.64% $36.08 -1.82%-0.28%-7.25%
DTM DT Midstream Inc 6.02% $124.01 +0.20%+2.49%-3.76%
WMB Williams Cos Inc/The 5.56% $72.67 +0.46%+3.02%-0.25%
LNG Cheniere Energy Inc 5.40% $278.18 +0.11%+3.05%-0.06%
WES Western Midstream Partners LP 4.46% $45.62 -0.44%+1.92%-6.95%
CWEN Clearway Energy Inc 4.17% $30.19 +0.80%+2.90%-3.05%
AR Antero Resources Corp 3.89% $35.9 -0.44%+5.34%-6.58%
AM Antero Midstream Corp 3.80% $21.09 -0.47%+3.59%-4.40%
SRE Sempra 3.55% $81.34 +1.57%+3.78%-2.40%
CVX Chevron Corp 3.19% $211.98 +0.20%+2.56%-0.97%
XOM Exxon Mobil Corp 3.11% $168.94 +0.26%+3.01%+1.78%
SUNC Sunococorp LLC 3.00% $74.85 +3.63%-1.34%-7.77%
PAGP Plains GP Holdings LP 2.77% $26.62 +0.19%+2.15%-4.89%
OXY Occidental Petroleum Corp 2.69% $60.11 -0.28%+3.50%-2.20%
EQT EQT Corp 2.64% $52.83 -0.21%+5.30%-2.29%
KNTK Kinetik Holdings Inc 2.63% $53.46 -1.75%+1.77%-2.36%
CRC California Resources Corp 2.28% $52.96 -0.17%+1.01%-6.68%
CNP CenterPoint Energy Inc 2.28% $38.6 +0.47%+2.14%-1.30%
COP ConocoPhillips 2.00% $134.1 -0.07%+5.80%-2.37%
TDW Tidewater Inc 1.96% $85.42 +0.85%+3.64%-8.12%
MPLX MPLX LP 1.60% $56.3 -1.78%-0.14%-5.92%
OKE ONEOK Inc 1.40% $89.8 -0.54%+2.18%-7.06%
HESM Hess Midstream LP 1.18% $32.26 -5.12%-14.54%-19.29%
PBA Pembina Pipeline Corp 1.08% $47.31 +0.34%+3.09%-1.05%
APD Air Products and Chemicals Inc 0.80% $281.26 +1.03%+1.33%-3.49%
BEPC Brookfield Renewable Corp 0.41% $29.63 +0.85%+3.89%-3.70%