Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) Short Interest Update

Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 20,948 shares, an increase of 4,404.9% from the August 31st total of 465 shares. Based on an average daily volume of 40,381 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Thrivent Small-Mid Cap Equity ETF Price Performance

Shares of TSME stock traded down $0.03 during trading hours on Thursday, reaching $46.01. The company had a trading volume of 159,920 shares, compared to its average volume of 81,397. The business has a fifty day simple moving average of $48.22 and a 200-day simple moving average of $47.05. Thrivent Small-Mid Cap Equity ETF has a 12 month low of $38.38 and a 12 month high of $52.37. The company has a market cap of $864.99 million, a price-to-earnings ratio of 19.48 and a beta of 1.27.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TSME. Ameritas Advisory Services LLC bought a new stake in Thrivent Small-Mid Cap Equity ETF during the second quarter worth about $28,000. Commonwealth Equity Services LLC lifted its position in Thrivent Small-Mid Cap Equity ETF by 1.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 155,508 shares of the company’s stock valued at $6,475,000 after acquiring an additional 1,565 shares in the last quarter. RMG Wealth Management LLC purchased a new position in Thrivent Small-Mid Cap Equity ETF in the 1st quarter worth about $95,000. Safeguard Investment Advisory Group LLC purchased a new stake in shares of Thrivent Small-Mid Cap Equity ETF during the 2nd quarter valued at about $203,000. Finally, Capital Analysts LLC grew its stake in shares of Thrivent Small-Mid Cap Equity ETF by 55.2% in the second quarter. Capital Analysts LLC now owns 16,430 shares of the company’s stock worth $861,000 after acquiring an additional 5,846 shares during the period.

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.