Tema Electrification ETF (NASDAQ:VOLT) Sees Significant Growth in Short Interest

Tema Electrification ETF (NASDAQ:VOLT) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 179,935 shares, a growth of 363.9% from the July 30th total of 38,788 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 268,686 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Tema Electrification ETF

Institutional investors and hedge funds have recently modified their holdings of the company. PCG Wealth Advisors LLC boosted its holdings in shares of Tema Electrification ETF by 3.7% during the second quarter. PCG Wealth Advisors LLC now owns 30,407 shares of the company’s stock worth $1,274,000 after acquiring an additional 1,085 shares during the period. Members Advisory Group LLC lifted its position in Tema Electrification ETF by 26.5% during 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 period. Unique Wealth LLC bought a new stake in shares of Tema Electrification ETF during the 2nd quarter worth approximately $631,000. Gill Capital Partners LLC acquired a new stake in shares of Tema Electrification ETF in the 2nd quarter valued at $377,000. Finally, Capital Square LLC acquired a new stake in Tema Electrification ETF in the second quarter valued at about $329,000. 33.60% of the stock is owned by institutional investors.

Tema Electrification ETF Stock Up 0.2%

NASDAQ:VOLT opened at $35.98 on Wednesday. The company has a market cap of $731.11 million, a P/E ratio of 327.09 and a beta of 1.07. Tema Electrification ETF has a twelve month low of $26.66 and a twelve month high of $42.16. The business has a 50 day moving average price of $38.59 and a two-hundred day moving average price of $37.56.

Tema Electrification ETF Company Profile

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.