Tema Electrification ETF (NASDAQ:VOLT) Short Interest Down 47.3% in July

Tema Electrification ETF (NASDAQ:VOLT) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 38,788 shares, a decrease of 47.3% from the July 15th total of 73,668 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 335,251 shares, the short-interest ratio is presently 0.1 days.

Tema Electrification ETF Price Performance

Shares of VOLT opened at $38.77 on Monday. Tema Electrification ETF has a 1-year low of $26.66 and a 1-year high of $42.16. The company has a market capitalization of $787.81 million, a P/E ratio of 352.45 and a beta of 1.07. The firm’s 50 day simple moving average is $38.87 and its 200 day simple moving average is $37.33.

Hedge Funds Weigh In On Tema Electrification ETF

A number of institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans lifted its holdings in shares of Tema Electrification ETF by 170.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,300,473 shares of the company’s stock worth $66,784,000 after acquiring an additional 1,449,199 shares during the last quarter. Members Advisory Group LLC increased its stake in Tema Electrification ETF by 13.5% in the first quarter. Members Advisory Group LLC now owns 379,934 shares of the company’s stock valued at $13,009,000 after acquiring an additional 45,138 shares during the last quarter. Arrow Financial Corp purchased a new stake in Tema Electrification ETF during the fourth quarter valued at about $10,730,000. LPL Financial LLC raised its position in Tema Electrification ETF by 831.9% during the fourth quarter. LPL Financial LLC now owns 146,969 shares of the company’s stock valued at $4,251,000 after purchasing an additional 131,198 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Tema Electrification ETF by 764.2% during the fourth quarter. HighTower Advisors LLC now owns 126,119 shares of the company’s stock worth $3,648,000 after purchasing an additional 111,525 shares during the last quarter. Institutional investors own 33.60% of the company’s stock.

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.