Tema Electrification ETF (NASDAQ:VOLT) Short Interest Update

Tema Electrification ETF (NASDAQ:VOLT) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 108,628 shares, a decline of 87.1% from the April 15th total of 839,403 shares. Based on an average daily trading volume, of 321,368 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.7% of the company’s stock are sold short.

Tema Electrification ETF Stock Performance

Shares of VOLT stock traded down $0.80 on Tuesday, reaching $40.54. 179,345 shares of the company’s stock traded hands, compared to its average volume of 264,600. Tema Electrification ETF has a 12-month low of $23.00 and a 12-month high of $41.75. The company has a market capitalization of $660.80 million, a P/E ratio of 368.55 and a beta of 1.23. The business’s 50 day moving average price is $36.43 and its two-hundred day moving average price is $32.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new position in Tema Electrification ETF in the fourth quarter valued at about $28,000. Osaic Holdings Inc. grew its stake in Tema Electrification ETF by 381.2% in the second quarter. Osaic Holdings Inc. now owns 1,280 shares of the company’s stock valued at $33,000 after purchasing an additional 1,014 shares in the last quarter. SHP Wealth Management purchased a new position in Tema Electrification ETF in the fourth quarter valued at about $34,000. Allworth Financial LP purchased a new position in Tema Electrification ETF in the fourth quarter valued at about $49,000. Finally, Arax Advisory Partners grew its stake in Tema Electrification ETF by 4,765.7% in the fourth quarter. Arax Advisory Partners now owns 1,703 shares of the company’s stock valued at $49,000 after purchasing an additional 1,668 shares in the last quarter. Hedge funds and other 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.