NBET Neuberger Energy Transition & Infrastructure ETF
ETFETF 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.
Neuberger Energy Transition & Infrastructure ETF (NBET) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2022-04-06
- Has Options
- No
- 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
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
- Jul 2026
- +$989K latest reported month
- Latest 3 months
- +$4.0M +8.5% of assets
- Latest 12 months
- +$18M +38.4% of assets
View as a table
| Month | Net 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
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| UMIUSCF Midstream Energy Income Fund | 55% | 0.69% | $516M | +14.7% | compare |
| ENFRAlerian Energy Infrastructure ETF | 50% | 0.35% | $537M | +18.6% | compare |
| USAIPacer American Energy Infrastructure ETF | 48% | 0.75% | $115M | +14.4% | compare |
| TPZTortoise Electrification Infrastructure ETF | 44% | 0.85% | $115M | −3.3% | compare |
| MLPXGlobal X MLP & Energy Infrastructure ETF | 44% | 0.45% | $3.5B | +16.4% | compare |
Ranked by how much of the two portfolios is the same securities.
- 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
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.
| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | WSOWatsco Inc | — | 2.56% | — |
| New position | SEISolaris Energy Infrastructure Inc | — | 1.61% | — |
| Decrease | KNTKKinetik Holdings Inc | 2.63% | 1.12% | −59.6% |
| Increase | EPDEnterprise Products Partners LP | 6.64% | 7.56% | +14.4% |
| New position | EXEExpand Energy Corp | — | 0.91% | — |
| Exit | Linde PLC | 0.91% | — | — |
| Exit | APDAir Products and Chemicals Inc | 0.80% | — | — |
| Decrease | CNPCenterPoint Energy Inc | 2.28% | 1.54% | −28.1% |
| Decrease | TRMLFTourmaline Oil Corp | 2.63% | 1.90% | −17.2% |
| Increase | ETEnergy Transfer LP | 6.84% | 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
- 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.
| 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 |
| 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 |
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| 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% |
| Nov | 14.22% | 4.68% | -- | 9.45% |
| Dec | -6.26% | -2.27% | -- | -4.26% |
| Total | 7.07% | 2.58% | 25.71% | 11.79% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- 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.
- 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.
- 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
Momentum Oscillators
Volume & Volatility
Data Summary
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.
NBET Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
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.
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.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- 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.
IV(put wing) − IV(ATM), in vol pointsHow 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.
IV(call wing) − IV(put wing), equal delta on each sideWhich 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.
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.
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.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Negative beta - stock moves opposite to market
NBET Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional 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.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Click any bar to view the full quote for that stock.
| 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% |