Tema Electrification ETF (NASDAQ:VOLT) Sees Large Growth in Short Interest

Tema Electrification ETF (NASDAQ:VOLT) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 179,935 shares, an increase of 363.9% from the July 30th total of 38,788 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 268,686 shares, the short-interest ratio is presently 0.7 days.

Tema Electrification ETF Stock Up 0.2%

Shares of Tema Electrification ETF stock opened at $35.98 on Wednesday. The stock has a market cap of $731.11 million, a price-to-earnings ratio of 327.09 and a beta of 1.07. Tema Electrification ETF has a twelve month low of $26.66 and a twelve month high of $42.16. The company’s fifty day moving average is $38.59 and its 200 day moving average is $37.56.

Institutional Investors Weigh In On Tema Electrification ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans raised its position in shares of Tema Electrification ETF by 170.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,300,473 shares of the company’s stock worth $66,784,000 after purchasing an additional 1,449,199 shares during the period. Members Advisory Group LLC boosted its stake in Tema Electrification ETF by 26.5% in the second quarter. Members Advisory Group LLC now owns 480,790 shares of the company’s stock valued at $20,140,000 after acquiring an additional 100,856 shares during the last quarter. Arrow Financial Corp purchased a new position in shares of Tema Electrification ETF during the 4th quarter valued at $10,730,000. LPL Financial LLC boosted its holdings in Tema Electrification ETF by 831.9% in the 4th quarter. LPL Financial LLC now owns 146,969 shares of the company’s stock worth $4,251,000 after buying an additional 131,198 shares during the period. Finally, HighTower Advisors LLC grew its position in shares of Tema Electrification ETF by 764.2% in the fourth 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 in the last quarter. 33.60% of the stock is owned by institutional investors.

About Tema Electrification ETF

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.