Tema Electrification ETF (NASDAQ:VOLT) Stock Short Interest Falls 70.8%

Tema Electrification ETF (NASDAQ:VOLT) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 62,559 shares, a decrease of 70.8% from the September 15th total of 214,396 shares. Based on an average trading volume of 157,728 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Tema Electrification ETF

A number of institutional investors and hedge funds have recently made changes to their positions in VOLT. Avaii Wealth Management LLC raised its stake in Tema Electrification ETF by 421.7% in the 3rd quarter. Avaii Wealth Management LLC now owns 219,907 shares of the company’s stock valued at $8,077,000 after acquiring an additional 177,752 shares during the period. Baird Financial Group Inc. boosted its position in Tema Electrification ETF by 65.0% during the second quarter. Baird Financial Group Inc. now owns 302,721 shares of the company’s stock worth $12,681,000 after purchasing an additional 119,218 shares during the period. Members Advisory Group LLC boosted its position in Tema Electrification ETF by 26.5% during the second quarter. Members Advisory Group LLC now owns 480,790 shares of the company’s stock worth $20,140,000 after purchasing an additional 100,856 shares during the period. Kestra Advisory Services LLC boosted its position in Tema Electrification ETF by 165.2% during the first quarter. Kestra Advisory Services LLC now owns 125,791 shares of the company’s stock worth $4,307,000 after purchasing an additional 78,355 shares during the period. Finally, Torrey Payne Wealth Management LLC bought a new position in Tema Electrification ETF during the fourth quarter worth $2,196,000. Institutional investors own 33.60% of the company’s stock.

Tema Electrification ETF Stock Performance

VOLT traded down $0.15 on Monday, hitting $36.41. 21,880 shares of the company were exchanged, compared to its average volume of 281,941. The stock’s fifty day moving average is $36.56 and its 200-day moving average is $37.85. Tema Electrification ETF has a 12 month low of $28.05 and a 12 month high of $42.16. The company has a market cap of $746.38 million, a PE ratio of 330.55 and a beta of 1.04.

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.