Tema American Reshoring ETF (NYSEARCA:RSHO) Short Interest Down 28.2% in October

Tema American Reshoring ETF (NYSEARCA:RSHO) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 15,800 shares, a decrease of 28.2% from the September 30th total of 22,000 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 13,500 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 13,500 shares, the short-interest ratio is presently 1.2 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its stake in Tema American Reshoring ETF by 160.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 780 shares of the company’s stock worth $34,000 after buying an additional 480 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of Tema American Reshoring ETF in the first quarter worth $86,000. Axxcess Wealth Management LLC bought a new position in shares of Tema American Reshoring ETF in the first quarter worth $220,000. Park Edge Advisors LLC boosted its stake in Tema American Reshoring ETF by 20.3% during the second quarter. Park Edge Advisors LLC now owns 10,756 shares of the company’s stock valued at $422,000 after buying an additional 1,818 shares in the last quarter. Finally, Comerica Bank bought a new position in Tema American Reshoring ETF during the first quarter valued at about $421,000.

Tema American Reshoring ETF Trading Down 0.9%

RSHO traded down $0.38 during trading on Monday, reaching $43.81. 14,039 shares of the company were exchanged, compared to its average volume of 43,282. The stock has a market cap of $176.99 million, a P/E ratio of 26.43 and a beta of 1.44. The firm has a 50 day moving average of $42.97 and a 200 day moving average of $40.23. Tema American Reshoring ETF has a 52 week low of $29.42 and a 52 week high of $45.58.

About Tema American Reshoring ETF

The Tema American Reshoring ETF (RSHO) is an exchange-traded fund that mostly invests in industrials equity. The fund actively manages a narrow portfolio of US stocks that are anticipated to benefit from deglobalization. The funds adviser combines a top-down and bottom-up approach to selecting and weighting fund holdings.