Tema Electrification ETF (NASDAQ:VOLT) Stock Price Down 0.8% – Should You Sell?

Tema Electrification ETF (NASDAQ:VOLT) traded down 0.8% during trading on Thursday . The stock traded as low as $29.40 and last traded at $29.50. 36,623 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 42,469 shares. The stock had previously closed at $29.75.

Tema Electrification ETF Stock Down 0.8%

The company’s fifty day moving average is $27.79 and its 200 day moving average is $25.06. The stock has a market cap of $142.19 million and a PE ratio of 268.18.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. raised its holdings in Tema Electrification ETF by 381.2% in the second quarter. Osaic Holdings Inc. now owns 1,280 shares of the company’s stock valued at $33,000 after buying an additional 1,014 shares during the period. Captrust Financial Advisors purchased a new stake in shares of Tema Electrification ETF during the second quarter valued at approximately $386,000. Truist Financial Corp raised its stake in shares of Tema Electrification ETF by 21.1% during the second quarter. Truist Financial Corp now owns 33,990 shares of the company’s stock valued at $865,000 after purchasing an additional 5,918 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of Tema Electrification ETF during the first quarter valued at approximately $762,000. Finally, Jane Street Group LLC raised its stake in shares of Tema Electrification ETF by 416.4% during the first quarter. Jane Street Group LLC now owns 86,551 shares of the company’s stock valued at $1,845,000 after purchasing an additional 69,789 shares during the period. Hedge funds and other institutional investors own 33.60% of the company’s stock.

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.