Tema American Reshoring ETF (NYSEARCA:RSHO) Short Interest Up 562.7% in May

Tema American Reshoring ETF (NYSEARCA:RSHO) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 35,931 shares, an increase of 562.7% from the April 30th total of 5,422 shares. Based on an average trading volume of 30,199 shares, the short-interest ratio is presently 1.2 days. Approximately 0.8% of the shares of the company are short sold.

Tema American Reshoring ETF Stock Down 0.2%

Shares of NYSEARCA:RSHO traded down $0.11 during trading on Friday, hitting $57.50. 9,656 shares of the company traded hands, compared to its average volume of 40,537. The business’s fifty day moving average is $54.34 and its 200-day moving average is $50.21. The stock has a market capitalization of $267.38 million, a price-to-earnings ratio of 26.43 and a beta of 1.36. Tema American Reshoring ETF has a one year low of $36.93 and a one year high of $59.40.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RSHO. Royal Bank of Canada increased its position in Tema American Reshoring ETF by 34.4% in the first quarter. Royal Bank of Canada now owns 26,084 shares of the company’s stock worth $1,299,000 after buying an additional 6,683 shares during the period. D.A. Davidson & CO. acquired a new position in shares of Tema American Reshoring ETF during the first quarter valued at $317,000. Fifth Third Bancorp bought a new position in shares of Tema American Reshoring ETF during the first quarter worth about $181,000. WealthBridge Capital Management LLC grew its position in shares of Tema American Reshoring ETF by 1.9% during the first quarter. WealthBridge Capital Management LLC now owns 27,039 shares of the company’s stock worth $1,346,000 after acquiring an additional 500 shares during the last quarter. Finally, Worth Asset Management LLC acquired a new stake in shares of Tema American Reshoring ETF in the 1st quarter worth about $208,000.

About Tema American Reshoring ETF

The Tema American Reshoring ETF (RSHO) is an exchange-traded fund that mostly invests in industrials equity. The fund actively manages a narrow portfolio of US stocks that are anticipated to benefit from deglobalization. The funds adviser combines a top-down and bottom-up approach to selecting and weighting fund holdings. RSHO was launched on May 11, 2023 and is managed by Tema.