Tema Electrification ETF (NASDAQ:VOLT – Get Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 38,788 shares, a decline of 47.3% from the July 15th total of 73,668 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 335,251 shares, the days-to-cover ratio is currently 0.1 days.
Tema Electrification ETF Trading Up 1.0%
VOLT opened at $38.77 on Friday. The company has a fifty day moving average price of $38.87 and a two-hundred day moving average price of $37.29. The company has a market cap of $787.81 million, a P/E ratio of 352.45 and a beta of 1.07. Tema Electrification ETF has a 1-year low of $26.66 and a 1-year high of $42.16.
Hedge Funds Weigh In On Tema Electrification ETF
A number of large investors have recently modified their holdings of VOLT. JFS Wealth Advisors LLC bought a new position in shares of Tema Electrification ETF in the second quarter valued at $27,000. NewEdge Advisors LLC purchased a new stake in shares of Tema Electrification ETF in the fourth quarter worth approximately $28,000. Osaic Holdings Inc. lifted its holdings in shares of 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 stake in Tema Electrification ETF in the 4th quarter valued at $34,000. Finally, Allworth Financial LP bought a new position in Tema Electrification ETF during the 4th quarter valued at $49,000. 33.60% of the stock is currently owned by institutional investors.
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.
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