Tema Electrification ETF (NASDAQ:VOLT – Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 8,959 shares, a decline of 89.9% from the October 15th total of 88,998 shares. Based on an average daily volume of 248,100 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.
Tema Electrification ETF Stock Down 1.5%
Shares of Tema Electrification ETF stock opened at $33.19 on Friday. Tema Electrification ETF has a twelve month low of $28.05 and a twelve month high of $42.16. The company’s 50 day moving average is $34.98 and its 200 day moving average is $36.67. The company has a market cap of $883.54 million, a price-to-earnings ratio of 302.41 and a beta of 1.08.
Institutional Investors Weigh In On Tema Electrification ETF
Hedge funds have recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC purchased a new position in shares of Tema Electrification ETF in the 2nd quarter worth $27,000. North Star Investment Management Corp. purchased a new stake in Tema Electrification ETF during the third quarter valued at $25,000. Bessemer Group Inc. purchased a new stake in Tema Electrification ETF during the third quarter valued at $35,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Tema Electrification ETF during the third quarter valued at $64,000. Finally, Allworth Financial LP increased its position in Tema Electrification ETF by 92.2% during the second quarter. Allworth Financial LP now owns 3,240 shares of the company’s stock valued at $136,000 after acquiring an additional 1,554 shares during the last quarter. 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.
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