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

Tema American Reshoring ETF (NYSEARCA:RSHO) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 35,931 shares, an increase of 562.7% from the April 30th total of 5,422 shares. Based on an average trading volume of 30,199 shares, the short-interest ratio is currently 1.2 days. Currently, 0.8% of the company’s shares are sold short.

Institutional Trading of Tema American Reshoring ETF

Several hedge funds have recently bought and sold shares of the stock. Thrivent Financial for Lutherans lifted its stake in Tema American Reshoring ETF by 405.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,803,201 shares of the company’s stock valued at $80,112,000 after buying an additional 1,446,253 shares in the last quarter. UBS Group AG raised its holdings in shares of Tema American Reshoring ETF by 14.7% during the fourth quarter. UBS Group AG now owns 195,526 shares of the company’s stock worth $8,670,000 after acquiring an additional 25,059 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Tema American Reshoring ETF by 8.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 103,891 shares of the company’s stock worth $4,870,000 after acquiring an additional 8,034 shares during the period. Inspire Advisors LLC lifted its position in Tema American Reshoring ETF by 1.7% in the 4th quarter. Inspire Advisors LLC now owns 69,921 shares of the company’s stock valued at $3,100,000 after acquiring an additional 1,140 shares in the last quarter. Finally, WealthBridge Capital Management LLC lifted its position in Tema American Reshoring ETF by 1.9% in the 1st quarter. WealthBridge Capital Management LLC now owns 27,039 shares of the company’s stock valued at $1,346,000 after acquiring an additional 500 shares in the last quarter.

Tema American Reshoring ETF Price Performance

NYSEARCA RSHO opened at $57.50 on Friday. Tema American Reshoring ETF has a one year low of $36.93 and a one year high of $59.40. The firm has a market cap of $267.38 million, a P/E ratio of 26.43 and a beta of 1.36. The stock’s 50-day moving average is $54.34 and its 200-day moving average is $50.21.

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.