Short Interest in Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) Decreases By 95.7%

Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 465 shares, a drop of 95.7% from the August 15th total of 10,930 shares. Based on an average daily trading volume, of 180,575 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Thrivent Small-Mid Cap Equity ETF Stock Performance

Shares of NYSEARCA:TSME traded up $0.84 during trading on Friday, hitting $46.97. The company’s stock had a trading volume of 82,282 shares, compared to its average volume of 82,597. Thrivent Small-Mid Cap Equity ETF has a fifty-two week low of $38.38 and a fifty-two week high of $52.37. The business has a 50 day moving average price of $48.79 and a two-hundred day moving average price of $47.01. The company has a market capitalization of $939.40 million, a PE ratio of 19.48 and a beta of 1.27.

Hedge Funds Weigh In On Thrivent Small-Mid Cap Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Advisory Services LLC acquired a new position in shares of Thrivent Small-Mid Cap Equity ETF during the second quarter worth about $28,000. Raymond James Financial Inc. acquired a new position in Thrivent Small-Mid Cap Equity ETF during the 2nd quarter worth approximately $35,000. Capital Analysts LLC purchased a new stake in shares of Thrivent Small-Mid Cap Equity ETF in the 4th quarter valued at approximately $56,000. RMG Wealth Management LLC acquired a new stake in shares of Thrivent Small-Mid Cap Equity ETF in the 1st quarter valued at $95,000. Finally, Safeguard Investment Advisory Group LLC purchased a new stake in shares of Thrivent Small-Mid Cap Equity ETF during the 2nd quarter worth $203,000.

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.