Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) Sees Large Growth in Short Interest

Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 41,667 shares, an increase of 276.4% from the June 30th total of 11,070 shares. Based on an average trading volume of 77,225 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Thrivent Small-Mid Cap Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in TSME. Osaic Holdings Inc. boosted its stake in shares of Thrivent Small-Mid Cap Equity ETF by 4.4% in the fourth quarter. Osaic Holdings Inc. now owns 7,709 shares of the company’s stock valued at $321,000 after buying an additional 323 shares during the period. Jane Street Group LLC increased its stake in Thrivent Small-Mid Cap Equity ETF by 5.2% during the 2nd quarter. Jane Street Group LLC now owns 8,426 shares of the company’s stock worth $315,000 after acquiring an additional 416 shares during the period. Bailard Inc. raised its holdings in Thrivent Small-Mid Cap Equity ETF by 1.4% in the 4th quarter. Bailard Inc. now owns 38,023 shares of the company’s stock valued at $1,583,000 after acquiring an additional 541 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Thrivent Small-Mid Cap Equity ETF in the 2nd quarter valued at $35,000. Finally, Capital Analysts LLC acquired a new position in Thrivent Small-Mid Cap Equity ETF in the 4th quarter valued at $56,000.

Thrivent Small-Mid Cap Equity ETF Stock Up 0.6%

Shares of Thrivent Small-Mid Cap Equity ETF stock opened at $48.45 on Tuesday. The stock has a market capitalization of $969 million, a price-to-earnings ratio of 19.48 and a beta of 1.26. Thrivent Small-Mid Cap Equity ETF has a twelve month low of $38.38 and a twelve month high of $52.37. The company has a 50-day simple moving average of $49.04 and a two-hundred day simple moving average of $46.22.

Thrivent Small-Mid Cap Equity ETF Company Profile

The Thrivent Small-Mid Cap ESG ETF (TSME) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed, non-transparent ETF that invests in stocks of global mid- and small-cap companies screened for long-term sustainable business models and ESG commitment. The fund utilizes the Natixis\u002FNYSE non-transparent model. TSME was launched on Oct 5, 2022 and is managed by Thrivent.