Tema Electrification ETF (NASDAQ:VOLT) Stock Short Interest Drops 89.9%

Tema Electrification ETF (NASDAQ:VOLT – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 8,959 shares, a decline of 89.9% from the October 15th total of 88,998 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 248,100 shares, the days-to-cover ratio is currently 0.0 days.

Tema Electrification ETF Stock Performance

Shares of VOLT opened at $33.07 on Wednesday. Tema Electrification ETF has a 1 year low of $28.05 and a 1 year high of $42.16. The company has a market cap of $981.19 million, a price-to-earnings ratio of 300.64 and a beta of 1.08. The firm has a fifty day moving average of $35.05 and a 200-day moving average of $36.65.

Institutional Investors Weigh In On Tema Electrification ETF

Several hedge funds have recently modified their holdings of the stock. Members Advisory Group LLC increased its holdings in shares of Tema Electrification ETF by 26.5% in the 2nd quarter. Members Advisory Group LLC now owns 480,790 shares of the company’s stock valued at $20,140,000 after purchasing an additional 100,856 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Tema Electrification ETF in the 3rd quarter valued at $18,700,000. Arrow Financial Corp acquired a new position in Tema Electrification ETF during the third quarter worth $18,638,000. Baird Financial Group Inc. raised its holdings in Tema Electrification ETF by 65.0% during the second quarter. Baird Financial Group Inc. now owns 302,721 shares of the company’s stock valued at $12,681,000 after buying an additional 119,218 shares in the last quarter. Finally, Avaii Wealth Management LLC increased its holdings in shares of Tema Electrification ETF by 421.7% during the 3rd quarter. Avaii Wealth Management LLC now owns 219,907 shares of the company’s stock valued at $8,077,000 after acquiring an additional 177,752 shares during the last quarter. 33.60% of the stock is owned by hedge funds and other institutional investors.

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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