Tema American Reshoring ETF (NYSEARCA:RSHO) Sees Significant Decline in Short Interest

Tema American Reshoring ETF (NYSEARCA:RSHO) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 5,422 shares, a decline of 60.2% from the April 15th total of 13,611 shares. Based on an average daily trading volume, of 24,938 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Tema American Reshoring ETF Stock Down 2.7%

RSHO traded down $1.56 during trading on Friday, hitting $56.68. The company’s stock had a trading volume of 14,274 shares, compared to its average volume of 41,078. Tema American Reshoring ETF has a twelve month low of $36.64 and a twelve month high of $59.40. The stock’s fifty day moving average price is $53.06 and its 200-day moving average price is $49.34. The firm has a market capitalization of $263.56 million, a P/E ratio of 26.43 and a beta of 1.36.

Hedge Funds Weigh In On Tema American Reshoring ETF

Institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new position in Tema American Reshoring ETF in the first quarter valued at approximately $181,000. Worth Asset Management LLC acquired a new position in Tema American Reshoring ETF in the first quarter valued at approximately $208,000. Private Advisor Group LLC acquired a new position in Tema American Reshoring ETF in the third quarter valued at approximately $235,000. LPL Financial LLC acquired a new position in Tema American Reshoring ETF in the fourth quarter valued at approximately $236,000. Finally, D.A. Davidson & CO. acquired a new position in Tema American Reshoring ETF in the first quarter valued at approximately $317,000.

Tema American Reshoring ETF Company Profile

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. RSHO was launched on May 11, 2023 and is managed by Tema.