Tema American Reshoring ETF (NYSEARCA:RSHO) Short Interest Down 60.2% in April

Tema American Reshoring ETF (NYSEARCA:RSHO) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 5,422 shares, a drop of 60.2% from the April 15th total of 13,611 shares. Based on an average trading volume of 24,938 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Tema American Reshoring ETF Stock Up 0.2%

Shares of RSHO stock traded up $0.09 during mid-day trading on Thursday, reaching $57.89. The company’s stock had a trading volume of 3,639 shares, compared to its average volume of 41,043. The company’s 50 day simple moving average is $52.89 and its 200-day simple moving average is $49.19. Tema American Reshoring ETF has a 12-month low of $36.64 and a 12-month high of $59.40. The firm has a market capitalization of $269.19 million, a PE ratio of 26.43 and a beta of 1.36.

Institutional Investors Weigh In On Tema American Reshoring ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new stake in Tema American Reshoring ETF during the 1st quarter worth $181,000. Worth Asset Management LLC acquired a new position in Tema American Reshoring ETF during the 1st quarter worth $208,000. Private Advisor Group LLC acquired a new position in Tema American Reshoring ETF during the 3rd quarter worth $235,000. LPL Financial LLC acquired a new stake in shares of Tema American Reshoring ETF in the 4th quarter valued at about $236,000. Finally, D.A. Davidson & CO. acquired a new position in Tema American Reshoring ETF in the first quarter worth about $317,000.

Tema American Reshoring ETF Company Profile

The Tema American Reshoring ETF (RSHO) is an exchange-traded fund that mostly invests in industrials equity. The fund actively manages a narrow portfolio of US stocks that are anticipated to benefit from deglobalization. The funds adviser combines a top-down and bottom-up approach to selecting and weighting fund holdings. RSHO was launched on May 11, 2023 and is managed by Tema.