Tema Electrification ETF (NASDAQ:VOLT) Sees Significant Decrease in Short Interest

Tema Electrification ETF (NASDAQ:VOLTGet Free Report) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 84,433 shares, a decrease of 37.5% from the May 14th total of 135,083 shares. Based on an average trading volume of 462,532 shares, the short-interest ratio is currently 0.2 days. Currently, 0.5% of the company’s shares are short sold.

Tema Electrification ETF Price Performance

VOLT stock opened at $40.06 on Wednesday. The firm has a market capitalization of $652.98 million, a P/E ratio of 364.18 and a beta of 1.06. The business’s 50-day moving average is $38.98 and its two-hundred day moving average is $34.62. Tema Electrification ETF has a 1 year low of $24.31 and a 1 year high of $41.75.

Institutional Investors Weigh In On Tema Electrification ETF

A number of hedge funds have recently bought and sold shares of VOLT. Thrivent Financial for Lutherans raised its position in shares of Tema Electrification ETF by 170.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,300,473 shares of the company’s stock worth $66,784,000 after acquiring an additional 1,449,199 shares in the last quarter. Arrow Financial Corp acquired a new stake in shares of Tema Electrification ETF during the 4th quarter worth about $10,730,000. Members Advisory Group LLC acquired a new stake in shares of Tema Electrification ETF during the 4th quarter worth about $9,684,000. Hengehold Capital Management LLC acquired a new stake in shares of Tema Electrification ETF during the 4th quarter worth about $5,566,000. Finally, LPL Financial LLC raised its position in shares of Tema Electrification ETF by 831.9% during the 4th quarter. LPL Financial LLC now owns 146,969 shares of the company’s stock worth $4,251,000 after acquiring an additional 131,198 shares in the last quarter. Institutional investors and hedge funds own 33.60% of the company’s stock.

Tema Electrification ETF Company Profile

(Get Free Report)

The Tema Electrification ETF (VOLT) is an exchange-traded fund that mostly invests in utilities equity. The fund actively invests in a concentrated portfolio of companies worldwide that are positioned to benefit from the electrification megacycle. The fund seeks long-term growth of capital. VOLT was launched on Dec 3, 2024 and is issued by Tema.

Further Reading

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