Tema Durable Quality ETF (BATS:TOLL) Sees Significant Drop in Short Interest

Tema Durable Quality ETF (BATS:TOLL) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 949 shares, a decline of 40.7% from the May 31st total of 1,599 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 7,622 shares, the days-to-cover ratio is currently 0.1 days.

Tema Durable Quality ETF Stock Performance

TOLL stock opened at $41.18 on Thursday. Tema Durable Quality ETF has a fifty-two week low of $32.72 and a fifty-two week high of $41.94. The company has a market capitalization of $70.01 million, a price-to-earnings ratio of 29.40 and a beta of 1.10. The business’s 50 day moving average price is $38.98 and its two-hundred day moving average price is $36.81.

Hedge Funds Weigh In On Tema Durable Quality ETF

Institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new stake in shares of Tema Durable Quality ETF during the 4th quarter valued at $227,000. Jane Street Group LLC increased its stake in shares of Tema Durable Quality ETF by 28.0% in the 1st quarter. Jane Street Group LLC now owns 12,265 shares of the company’s stock worth $394,000 after acquiring an additional 2,680 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Tema Durable Quality ETF in the 3rd quarter worth about $691,000. NewEdge Advisors LLC purchased a new position in Tema Durable Quality ETF during the 3rd quarter valued at about $1,683,000. Finally, Channel Wealth LLC purchased a new position in Tema Durable Quality ETF during the 4th quarter valued at about $2,295,000.

About Tema Durable Quality ETF

The Tema Monopolies and Oligopolies ETF (TOLL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in companies perceived as monopolies or oligopolies. The fund aims to identify quality companies from around the world characterized by their strong competitive advantage and high barriers to entry. TOLL was launched on May 11, 2023 and is managed by Tema.