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

Tema Electrification ETF (NASDAQ:VOLT) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 84,433 shares, a decline of 37.5% from the May 14th total of 135,083 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 462,532 shares, the days-to-cover ratio is presently 0.2 days.

Tema Electrification ETF Trading Up 2.1%

Shares of NASDAQ:VOLT opened at $40.24 on Tuesday. Tema Electrification ETF has a 1-year low of $24.31 and a 1-year high of $41.75. The business has a 50-day moving average price of $38.88 and a two-hundred day moving average price of $34.55. The stock has a market capitalization of $655.91 million, a P/E ratio of 365.82 and a beta of 1.06.

Institutional Investors Weigh In On Tema Electrification ETF

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC acquired a new stake in shares of Tema Electrification ETF during the fourth quarter worth $28,000. SHP Wealth Management acquired a new stake in shares of Tema Electrification ETF during the fourth quarter worth $34,000. Osaic Holdings Inc. grew its stake in shares of Tema Electrification ETF by 381.2% during the second quarter. Osaic Holdings Inc. now owns 1,280 shares of the company’s stock worth $33,000 after purchasing an additional 1,014 shares during the period. Allworth Financial LP acquired a new stake in shares of Tema Electrification ETF during the fourth quarter worth $49,000. Finally, Arax Advisory Partners grew its stake in shares of Tema Electrification ETF by 4,765.7% during the fourth quarter. Arax Advisory Partners now owns 1,703 shares of the company’s stock worth $49,000 after purchasing an additional 1,668 shares during the period. 33.60% of the stock is owned by institutional investors and hedge funds.

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.