Tema Electrification ETF (NASDAQ:VOLT) Short Interest Down 87.1% in April

Tema Electrification ETF (NASDAQ:VOLT) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 108,628 shares, a decrease of 87.1% from the April 15th total of 839,403 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 321,368 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VOLT. Jane Street Group LLC lifted its position in Tema Electrification ETF by 416.4% during the first quarter. Jane Street Group LLC now owns 86,551 shares of the company’s stock valued at $1,845,000 after purchasing an additional 69,789 shares during the period. Captrust Financial Advisors bought a new position in Tema Electrification ETF during the second quarter valued at approximately $386,000. Osaic Holdings Inc. lifted its position in Tema Electrification ETF by 381.2% during the second quarter. Osaic Holdings Inc. now owns 1,280 shares of the company’s stock valued at $33,000 after purchasing an additional 1,014 shares during the period. Truist Financial Corp lifted its position in Tema Electrification ETF by 2.6% during the third quarter. Truist Financial Corp now owns 34,886 shares of the company’s stock valued at $1,004,000 after purchasing an additional 896 shares during the period. Finally, MWA Asset Management bought a new position in Tema Electrification ETF during the third quarter valued at approximately $215,000. Institutional investors own 33.60% of the company’s stock.

Tema Electrification ETF Stock Down 0.9%

Shares of Tema Electrification ETF stock opened at $40.48 on Thursday. The company has a market cap of $659.82 million, a price-to-earnings ratio of 368.00 and a beta of 1.23. The company’s 50 day moving average is $36.63 and its 200 day moving average is $33.06. Tema Electrification ETF has a twelve month low of $23.00 and a twelve month high of $41.75.

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.