Short Interest in Tema American Reshoring ETF (NYSEARCA:RSHO) Declines By 28.2%

Tema American Reshoring ETF (NYSEARCA:RSHO) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 15,800 shares, a decrease of 28.2% from the September 30th total of 22,000 shares. Based on an average trading volume of 13,500 shares, the short-interest ratio is currently 1.2 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 13,500 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On Tema American Reshoring ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of RSHO. Farther Finance Advisors LLC raised its stake in shares of Tema American Reshoring ETF by 160.0% in the third quarter. Farther Finance Advisors LLC now owns 780 shares of the company’s stock valued at $34,000 after acquiring an additional 480 shares in the last quarter. Truist Financial Corp raised its stake in Tema American Reshoring ETF by 1.7% in the second quarter. Truist Financial Corp now owns 29,409 shares of the company’s stock valued at $1,155,000 after buying an additional 495 shares in the last quarter. Park Edge Advisors LLC lifted its holdings in Tema American Reshoring ETF by 20.3% during the 2nd quarter. Park Edge Advisors LLC now owns 10,756 shares of the company’s stock worth $422,000 after buying an additional 1,818 shares during the last quarter. Inspire Advisors LLC increased its holdings in shares of Tema American Reshoring ETF by 3.6% in the 3rd quarter. Inspire Advisors LLC now owns 68,781 shares of the company’s stock valued at $2,957,000 after acquiring an additional 2,412 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new position in Tema American Reshoring ETF in the first quarter valued at approximately $86,000.

Tema American Reshoring ETF Price Performance

Shares of NYSEARCA:RSHO traded down $0.53 during midday trading on Tuesday, reaching $43.28. 6,497 shares of the company’s stock were exchanged, compared to its average volume of 43,105. The firm’s 50 day simple moving average is $42.97 and its two-hundred day simple moving average is $40.23. The stock has a market cap of $174.87 million, a price-to-earnings ratio of 26.43 and a beta of 1.44. Tema American Reshoring ETF has a fifty-two week low of $29.42 and a fifty-two week high of $45.58.

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.