Tema American Reshoring ETF (NYSEARCA:RSHO – Get Free Report) was the recipient of a significant drop in short interest during 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 days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.
Hedge Funds Weigh In On Tema American Reshoring ETF
Hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp acquired a new position in shares of Tema American Reshoring ETF in the 1st quarter valued at $181,000. Worth Asset Management LLC acquired a new position in shares of Tema American Reshoring ETF in the 1st quarter valued at $208,000. Private Advisor Group LLC acquired a new position in shares of Tema American Reshoring ETF in the 3rd quarter valued at $235,000. LPL Financial LLC acquired a new position in shares of Tema American Reshoring ETF in the 4th quarter valued at $236,000. Finally, D.A. Davidson & CO. acquired a new position in shares of Tema American Reshoring ETF in the 1st quarter valued at $317,000.
Tema American Reshoring ETF Trading Up 0.2%
Shares of RSHO traded up $0.09 during mid-day trading on Thursday, reaching $57.89. The company had a trading volume of 3,639 shares, compared to its average volume of 41,043. The stock has a market cap of $269.19 million, a price-to-earnings ratio of 26.43 and a beta of 1.36. The firm has a fifty day simple moving average of $52.89 and a 200-day simple moving average of $49.19. Tema American Reshoring ETF has a fifty-two week low of $36.64 and a fifty-two week high of $59.40.
About Tema American Reshoring ETF
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.
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