Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) Short Interest Down 53.3% in August

Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 10,930 shares, a decline of 53.3% from the July 30th total of 23,405 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 37,818 shares, the days-to-cover ratio is presently 0.3 days.

Thrivent Small-Mid Cap Equity ETF Stock Performance

TSME traded down $0.21 during midday trading on Monday, hitting $47.21. The stock had a trading volume of 26,783 shares, compared to its average volume of 84,505. Thrivent Small-Mid Cap Equity ETF has a 1 year low of $38.38 and a 1 year high of $52.37. The business has a fifty day moving average of $49.55 and a 200 day moving average of $46.97. The company has a market cap of $944.20 million, a P/E ratio of 19.48 and a beta of 1.28.

Institutional Investors Weigh In On Thrivent Small-Mid Cap Equity ETF

A number of institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of Thrivent Small-Mid Cap Equity ETF during the 1st quarter valued at $267,000. Raymond James Financial Inc. purchased a new position in Thrivent Small-Mid Cap Equity ETF in the 2nd quarter worth $35,000. Citadel Advisors LLC bought a new stake in Thrivent Small-Mid Cap Equity ETF in the third quarter worth $386,000. Susquehanna International Group LLP bought a new stake in Thrivent Small-Mid Cap Equity ETF in the third quarter worth $517,000. Finally, Sunbelt Securities Inc. boosted its position in Thrivent Small-Mid Cap Equity ETF by 49.6% during the third quarter. Sunbelt Securities Inc. now owns 15,918 shares of the company’s stock valued at $660,000 after buying an additional 5,280 shares during the period.

About Thrivent Small-Mid Cap Equity ETF

The Thrivent Small-Mid Cap ESG ETF (TSME) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed, non-transparent ETF that invests in stocks of global mid- and small-cap companies screened for long-term sustainable business models and ESG commitment. The fund utilizes the Natixis\u002FNYSE non-transparent model. TSME was launched on Oct 5, 2022 and is managed by Thrivent.