Tema Electrification ETF (NASDAQ:VOLT) Stock Price Down 1.7% – What’s Next?

Shares of Tema Electrification ETF (NASDAQ:VOLT) dropped 1.7% during mid-day trading on Wednesday . The company traded as low as $29.48 and last traded at $29.53. Approximately 101,830 shares traded hands during trading, a decline of 34% from the average daily volume of 153,857 shares. The stock had previously closed at $30.04.

Tema Electrification ETF Trading Down 1.7%

The stock has a market cap of $263.41 million, a P/E ratio of 268.45 and a beta of 1.43. The company has a 50 day simple moving average of $29.59 and a 200 day simple moving average of $28.30.

Tema Electrification ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, December 10th were issued a $0.1319 dividend. The ex-dividend date of this dividend was Wednesday, December 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC grew its position in shares of Tema Electrification ETF by 416.4% during the 1st quarter. Jane Street Group LLC now owns 86,551 shares of the company’s stock worth $1,845,000 after purchasing an additional 69,789 shares in the last quarter. Truist Financial Corp raised its position in shares of Tema Electrification ETF by 21.1% in the second quarter. Truist Financial Corp now owns 33,990 shares of the company’s stock valued at $865,000 after buying an additional 5,918 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Tema Electrification ETF by 5.4% in the second quarter. Envestnet Asset Management Inc. now owns 37,698 shares of the company’s stock valued at $960,000 after buying an additional 1,939 shares during the period. Captrust Financial Advisors bought a new stake in shares of Tema Electrification ETF in the second quarter valued at approximately $386,000. Finally, Thrivent Financial for Lutherans acquired a new stake in Tema Electrification ETF during the second quarter worth approximately $35,117,000. Institutional investors and hedge funds own 33.60% of the company’s stock.

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.