Tema Electrification ETF (NASDAQ:VOLT – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 38,788 shares, a drop of 47.3% from the July 15th total of 73,668 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 335,251 shares, the days-to-cover ratio is currently 0.1 days.
Tema Electrification ETF Price Performance
VOLT opened at $38.77 on Friday. Tema Electrification ETF has a fifty-two week low of $26.66 and a fifty-two week high of $42.16. The firm has a market capitalization of $787.81 million, a price-to-earnings ratio of 352.45 and a beta of 1.07. The company’s 50 day moving average price is $38.87 and its two-hundred day moving average price is $37.29.
Institutional Trading of Tema Electrification ETF
Several institutional investors have recently modified their holdings of VOLT. Apollon Wealth Management LLC acquired a new stake in Tema Electrification ETF during the 4th quarter valued at approximately $404,000. Members Advisory Group LLC acquired a new position in shares of Tema Electrification ETF in the 4th quarter worth approximately $9,684,000. HighTower Advisors LLC boosted its stake in shares of Tema Electrification ETF by 764.2% in the 4th quarter. HighTower Advisors LLC now owns 126,119 shares of the company’s stock valued at $3,648,000 after purchasing an additional 111,525 shares during the last quarter. Mirae Asset Securities USA Inc. bought a new stake in shares of Tema Electrification ETF in the 1st quarter valued at $729,000. Finally, Outlook Wealth Advisors LLC acquired a new stake in shares of Tema Electrification ETF during the fourth quarter worth $1,240,000. 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.
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