Tema Electrification ETF (NASDAQ:VOLT – Get Free Report) was the recipient 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 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 Trading Down 1.9%
NASDAQ VOLT traded down $0.80 on Tuesday, reaching $40.54. The stock had a trading volume of 179,345 shares, compared to its average volume of 264,600. The business has a 50 day moving average price of $36.43 and a 200 day moving average price of $32.91. Tema Electrification ETF has a 1 year low of $23.00 and a 1 year high of $41.75. The company has a market capitalization of $660.80 million, a price-to-earnings ratio of 368.55 and a beta of 1.23.
Institutional Investors Weigh In On Tema Electrification ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brookwood Investment Group LLC acquired a new stake in Tema Electrification ETF in the 4th quarter worth approximately $2,914,000. San Luis Wealth Advisors LLC acquired a new stake in Tema Electrification ETF in the 4th quarter worth approximately $2,634,000. Apollon Wealth Management LLC acquired a new stake in Tema Electrification ETF in the 4th quarter worth approximately $404,000. Members Advisory Group LLC acquired a new stake in Tema Electrification ETF in the 4th quarter worth approximately $9,684,000. Finally, Brookstone Capital Management acquired a new stake in Tema Electrification ETF in the 4th quarter worth approximately $1,228,000. 33.60% of the stock is currently owned by institutional investors and hedge funds.
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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