Tema Electrification ETF (NASDAQ:VOLT) Sees Strong Trading Volume – Time to Buy?

Tema Electrification ETF (NASDAQ:VOLT) shares saw unusually-strong trading volume on Friday. 330,076 shares changed hands during trading, an increase of 19% from the previous session’s volume of 277,385 shares. The stock last traded at $32.50 and had previously closed at $33.01.

Tema Electrification ETF Stock Performance

The firm’s 50 day moving average is $35.92 and its 200-day moving average is $37.86. The stock has a market capitalization of $753.95 million, a price-to-earnings ratio of 299.05 and a beta of 1.04.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC acquired a new position in shares of Tema Electrification ETF in the second quarter valued at approximately $27,000. SHP Wealth Management acquired a new position in Tema Electrification ETF during the fourth quarter worth $34,000. Allworth Financial LP boosted its stake in shares of Tema Electrification ETF by 92.2% during the 2nd quarter. Allworth Financial LP now owns 3,240 shares of the company’s stock worth $136,000 after acquiring an additional 1,554 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Tema Electrification ETF by 256.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,371 shares of the company’s stock valued at $190,000 after acquiring an additional 3,865 shares in the last quarter. Finally, Mustico Financial Group Inc. acquired a new position in shares of Tema Electrification ETF in the first quarter worth $194,000. 33.60% of the stock is currently owned by hedge funds and other 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.