Tema Electrification ETF (NASDAQ:VOLT) Shares Shorted: Short Interest Down 70.8% in September

Tema Electrification ETF (NASDAQ:VOLT) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 62,559 shares, a decline of 70.8% from the September 15th total of 214,396 shares. Based on an average trading volume of 157,728 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Tema Electrification ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Members Advisory Group LLC increased its holdings in shares of Tema Electrification ETF by 26.5% in the second quarter. Members Advisory Group LLC now owns 480,790 shares of the company’s stock worth $20,140,000 after purchasing an additional 100,856 shares during the last quarter. Mirae Asset Securities USA Inc. purchased a new stake in shares of Tema Electrification ETF in the first quarter worth about $729,000. Saxon Interests Inc. purchased a new stake in shares of Tema Electrification ETF in the first quarter worth about $1,113,000. Unique Wealth LLC bought a new position in Tema Electrification ETF during the second quarter valued at approximately $631,000. Finally, NewEdge Advisors LLC boosted its stake in Tema Electrification ETF by 19,009.5% during the second quarter. NewEdge Advisors LLC now owns 38,219 shares of the company’s stock valued at $1,601,000 after buying an additional 38,019 shares during the last quarter. Hedge funds and other institutional investors own 33.60% of the company’s stock.

Tema Electrification ETF Trading Down 0.0%

VOLT traded down $0.01 during trading on Tuesday, hitting $36.20. 118,576 shares of the company’s stock traded hands, compared to its average volume of 281,415. The company’s 50 day simple moving average is $36.53 and its two-hundred day simple moving average is $37.86. Tema Electrification ETF has a 12-month low of $28.05 and a 12-month high of $42.16. The stock has a market capitalization of $742.10 million, a price-to-earnings ratio of 329.22 and a beta of 1.04.

About Tema Electrification ETF

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.