Tema Heart & Health ETF (NASDAQ:HRTS) Short Interest Up 797.0% in July

Tema Heart & Health ETF (NASDAQ:HRTS) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 5,095 shares, a growth of 797.0% from the July 15th total of 568 shares. Based on an average trading volume of 9,385 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Trading of Tema Heart & Health ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new stake in shares of Tema Heart & Health ETF during the 3rd quarter worth $243,000. Stifel Financial Corp raised its position in shares of Tema Heart & Health ETF by 19.8% during the fourth quarter. Stifel Financial Corp now owns 33,647 shares of the company’s stock worth $1,187,000 after purchasing an additional 5,571 shares during the period. Jane Street Group LLC lifted its holdings in shares of Tema Heart & Health ETF by 9.4% during the second quarter. Jane Street Group LLC now owns 37,164 shares of the company’s stock valued at $1,062,000 after purchasing an additional 3,202 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Tema Heart & Health ETF during the second quarter valued at $63,000. Finally, Royal Bank of Canada boosted its position in shares of Tema Heart & Health ETF by 8.8% in the 1st quarter. Royal Bank of Canada now owns 21,083 shares of the company’s stock valued at $710,000 after purchasing an additional 1,703 shares during the period.

Tema Heart & Health ETF Stock Performance

Shares of NASDAQ:HRTS traded down $0.03 during trading hours on Thursday, hitting $37.70. 3,177 shares of the company’s stock traded hands, compared to its average volume of 6,222. Tema Heart & Health ETF has a 52 week low of $28.11 and a 52 week high of $37.82. The company’s fifty day simple moving average is $35.95 and its two-hundred day simple moving average is $34.95. The company has a market cap of $56.17 million, a price-to-earnings ratio of 22.06 and a beta of 0.63.

About Tema Heart & Health ETF

The Tema Obesity & Cardiometabolic ETF (HRTS) is an exchange-traded fund that mostly invests in health care equity. The fund is an actively managed fund that concentrates on companies focused on the treatment of cardiovascular diseases and/or metabolic diseases from companies all around the world. Using both top-down and bottom-up stock selection, the fund identifies innovative companies deemed attractive. HRTS was launched on Nov 20, 2023 and is issued by Tema.