Short Interest in Themes Cybersecurity ETF (NASDAQ:SPAM) Grows By 109.8%

Themes Cybersecurity ETF (NASDAQ:SPAM) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,685 shares, an increase of 109.8% from the April 30th total of 2,710 shares. Currently, 7.1% of the shares of the company are short sold. Based on an average daily volume of 2,654 shares, the days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On Themes Cybersecurity ETF

A hedge fund recently bought a new stake in Themes Cybersecurity ETF stock. NewEdge Advisors LLC acquired a new position in shares of Themes Cybersecurity ETF (NASDAQ:SPAM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,826 shares of the company’s stock, valued at approximately $270,000. NewEdge Advisors LLC owned about 11.03% of Themes Cybersecurity ETF as of its most recent filing with the Securities & Exchange Commission.

Themes Cybersecurity ETF Stock Performance

Shares of SPAM stock opened at $40.11 on Monday. The stock’s 50-day moving average is $32.58 and its two-hundred day moving average is $31.56. The firm has a market cap of $3.21 million, a price-to-earnings ratio of 28.26 and a beta of 0.88. Themes Cybersecurity ETF has a 1 year low of $27.43 and a 1 year high of $40.17.

About Themes Cybersecurity ETF

The Themes Cybersecurity ETF (SPAM) is an exchange-traded fund that is based on the Solactive Cyber Security index. The fund seeks to track a concentrated index of stocks from developed markets that derive their revenues from digital security software. Stocks are weighted based on market capitalization. SPAM was launched on Dec 8, 2023 and is issued by Themes.