Short Interest in Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) Grows By 276.4%

Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 41,667 shares, a growth of 276.4% from the June 30th total of 11,070 shares. Based on an average daily volume of 77,225 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Thrivent Small-Mid Cap Equity ETF Stock Down 1.2%

Shares of NYSEARCA:TSME traded down $0.58 during trading on Friday, reaching $48.18. The stock had a trading volume of 67,854 shares, compared to its average volume of 81,191. The business has a fifty day moving average price of $48.98 and a 200-day moving average price of $46.16. The stock has a market cap of $949.15 million, a P/E ratio of 19.48 and a beta of 1.26. Thrivent Small-Mid Cap Equity ETF has a fifty-two week low of $38.38 and a fifty-two week high of $52.37.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TSME. Jane Street Group LLC acquired a new position in Thrivent Small-Mid Cap Equity ETF in the 1st quarter valued at $267,000. Raymond James Financial Inc. acquired a new stake in shares of Thrivent Small-Mid Cap Equity ETF during the 2nd quarter worth $35,000. Citadel Advisors LLC acquired a new stake in shares of Thrivent Small-Mid Cap Equity ETF during the 3rd quarter worth $386,000. Susquehanna International Group LLP purchased a new position in shares of Thrivent Small-Mid Cap Equity ETF in the 3rd quarter worth about $517,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of Thrivent Small-Mid Cap Equity ETF by 49.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 15,918 shares of the company’s stock valued at $660,000 after purchasing an additional 5,280 shares in the last quarter.

About Thrivent Small-Mid Cap Equity ETF

The Thrivent Small-Mid Cap ESG ETF (TSME) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed, non-transparent ETF that invests in stocks of global mid- and small-cap companies screened for long-term sustainable business models and ESG commitment. The fund utilizes the Natixis\u002FNYSE non-transparent model. TSME was launched on Oct 5, 2022 and is managed by Thrivent.