Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) Short Interest Update

Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 20,948 shares, an increase of 4,404.9% from the August 31st total of 465 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 40,381 shares, the days-to-cover ratio is currently 0.5 days.

Thrivent Small-Mid Cap Equity ETF Trading Down 0.1%

Thrivent Small-Mid Cap Equity ETF stock opened at $46.01 on Friday. Thrivent Small-Mid Cap Equity ETF has a 1-year low of $38.38 and a 1-year high of $52.37. The company has a fifty day simple moving average of $48.16 and a 200 day simple moving average of $47.08. The company has a market cap of $864.99 million, a P/E ratio of 19.48 and a beta of 1.27.

Institutional Trading of Thrivent Small-Mid Cap Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. increased its position in Thrivent Small-Mid Cap Equity ETF by 70.4% during the first quarter. Sunbelt Securities Inc. now owns 32,236 shares of the company’s stock worth $1,340,000 after buying an additional 13,316 shares during the last quarter. Capital Analysts LLC boosted its stake in shares of Thrivent Small-Mid Cap Equity ETF by 55.2% during the 2nd quarter. Capital Analysts LLC now owns 16,430 shares of the company’s stock worth $861,000 after acquiring an additional 5,846 shares during the period. Safeguard Investment Advisory Group LLC bought a new position in shares of Thrivent Small-Mid Cap Equity ETF during the 2nd quarter worth approximately $203,000. RMG Wealth Management LLC acquired a new position in shares of Thrivent Small-Mid Cap Equity ETF during the 1st quarter worth approximately $95,000. Finally, Commonwealth Equity Services LLC raised its stake in Thrivent Small-Mid Cap Equity ETF by 1.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 155,508 shares of the company’s stock valued at $6,475,000 after acquiring an additional 1,565 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.