Tema Electrification ETF (NASDAQ:VOLT) Stock Short Interest Falls 89.9%

Tema Electrification ETF (NASDAQ:VOLT) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 8,959 shares, a drop of 89.9% from the October 15th total of 88,998 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 248,100 shares, the days-to-cover ratio is currently 0.0 days.

Tema Electrification ETF Stock Performance

Shares of Tema Electrification ETF stock opened at $33.69 on Thursday. The business’s 50 day simple moving average is $35.01 and its 200 day simple moving average is $36.66. Tema Electrification ETF has a 52-week low of $28.05 and a 52-week high of $42.16. The firm has a market cap of $999.58 million, a PE ratio of 306.27 and a beta of 1.08.

Hedge Funds Weigh In On Tema Electrification ETF

Several hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC acquired a new stake in shares of Tema Electrification ETF in the third quarter valued at approximately $18,700,000. Arrow Financial Corp bought a new position in Tema Electrification ETF in the third quarter valued at $18,638,000. Members Advisory Group LLC grew its position in Tema Electrification ETF by 26.5% in the second quarter. Members Advisory Group LLC now owns 480,790 shares of the company’s stock valued at $20,140,000 after purchasing an additional 100,856 shares in the last quarter. Baird Financial Group Inc. increased its stake in Tema Electrification ETF by 65.0% in the 2nd quarter. Baird Financial Group Inc. now owns 302,721 shares of the company’s stock valued at $12,681,000 after buying an additional 119,218 shares during the last quarter. Finally, Hengehold Capital Management LLC acquired a new stake in Tema Electrification ETF in the 3rd quarter valued at $7,886,000. 33.60% of the stock is owned by institutional investors.

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.