Tema Electrification ETF (NASDAQ:VOLT) Sees Large Volume Increase – What’s Next?

Tema Electrification ETF (NASDAQ:VOLT) saw strong trading volume on Friday. Approximately 330,076 shares were traded during trading, an increase of 19% from the previous session’s volume of 277,385 shares. The stock last traded at $32.50 and had previously closed at $33.01.

Tema Electrification ETF Stock Performance

The firm has a market cap of $753.95 million, a PE ratio of 299.05 and a beta of 1.04. The stock has a 50-day simple moving average of $35.92 and a two-hundred day simple moving average of $37.86.

Hedge Funds Weigh In On Tema Electrification ETF

Several hedge funds have recently modified their holdings of the stock. Members Advisory Group LLC increased 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 valued at $20,140,000 after acquiring an additional 100,856 shares during the last quarter. Mirae Asset Securities USA Inc. purchased a new position in Tema Electrification ETF during the first quarter valued at approximately $729,000. Saxon Interests Inc. purchased a new stake in shares of Tema Electrification ETF during the 1st quarter worth $1,113,000. Avaii Wealth Management LLC boosted its holdings in shares of Tema Electrification ETF by 421.7% in the 3rd quarter. Avaii Wealth Management LLC now owns 219,907 shares of the company’s stock valued at $8,077,000 after buying an additional 177,752 shares in the last quarter. Finally, Unique Wealth LLC purchased a new position in Tema Electrification ETF in the second quarter worth $631,000. Hedge funds and other 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.