Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME – Get Free Report) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 23,405 shares, a decline of 43.8% from the July 15th total of 41,667 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 72,939 shares, the short-interest ratio is currently 0.3 days.
Thrivent Small-Mid Cap Equity ETF Trading Up 0.5%
Shares of TSME traded up $0.23 during midday trading on Monday, reaching $51.20. 8,624 shares of the stock were exchanged, compared to its average volume of 77,242. The company has a market capitalization of $1.02 billion, a P/E ratio of 19.48 and a beta of 1.28. Thrivent Small-Mid Cap Equity ETF has a 52 week low of $38.38 and a 52 week high of $52.37. The company’s 50 day moving average is $49.70 and its two-hundred day moving average is $46.72.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of Thrivent Small-Mid Cap Equity ETF in the 2nd quarter worth approximately $35,000. Capital Analysts LLC purchased a new position in Thrivent Small-Mid Cap Equity ETF during the fourth quarter valued at approximately $56,000. RMG Wealth Management LLC bought a new position in Thrivent Small-Mid Cap Equity ETF in the first quarter worth approximately $95,000. Osaic Holdings Inc. raised its stake in 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 worth $321,000 after buying an additional 323 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Thrivent Small-Mid Cap Equity ETF during the first quarter worth $267,000.
About Thrivent Small-Mid Cap Equity ETF
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.
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