Short Interest in Tema Electrification ETF (NASDAQ:VOLT) Rises By 266.4%

Tema Electrification ETF (NASDAQ:VOLT) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 48,000 shares, an increase of 266.4% from the September 30th total of 13,100 shares. Based on an average trading volume of 48,900 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.9% of the company’s stock are sold short. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 48,900 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Truist Financial Corp increased its holdings in shares of Tema Electrification ETF by 21.1% in the 2nd quarter. Truist Financial Corp now owns 33,990 shares of the company’s stock valued at $865,000 after acquiring an additional 5,918 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Tema Electrification ETF in the 1st quarter valued at about $762,000. Jane Street Group LLC increased its holdings in shares of Tema Electrification ETF by 416.4% in the 1st quarter. Jane Street Group LLC now owns 86,551 shares of the company’s stock valued at $1,845,000 after acquiring an additional 69,789 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Tema Electrification ETF in the 2nd quarter valued at about $386,000. Finally, Osaic Holdings Inc. grew its stake in Tema Electrification ETF by 381.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,280 shares of the company’s stock worth $33,000 after buying an additional 1,014 shares during the last quarter. Hedge funds and other institutional investors own 33.60% of the company’s stock.

Tema Electrification ETF Stock Performance

VOLT opened at $30.81 on Wednesday. Tema Electrification ETF has a one year low of $19.00 and a one year high of $31.09. The company has a market cap of $163.91 million, a P/E ratio of 280.09 and a beta of 1.43. The business’s 50-day simple moving average is $28.53 and its 200-day simple moving average is $25.96.

Tema Electrification ETF Company Profile

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.