Tema Electrification ETF (NASDAQ:VOLT) Short Interest Down 37.5% in May

Tema Electrification ETF (NASDAQ:VOLT) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 84,433 shares, a drop of 37.5% from the May 14th total of 135,083 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 462,532 shares, the short-interest ratio is currently 0.2 days.

Tema Electrification ETF Stock Performance

NASDAQ VOLT opened at $39.43 on Monday. The stock has a 50-day simple moving average of $38.77 and a two-hundred day simple moving average of $34.47. The firm has a market capitalization of $642.71 million, a P/E ratio of 358.45 and a beta of 1.06. Tema Electrification ETF has a fifty-two week low of $24.31 and a fifty-two week high of $41.75.

Hedge Funds Weigh In On Tema Electrification ETF

Institutional investors have recently modified their holdings of the stock. Brookwood Investment Group LLC purchased a new position in shares of Tema Electrification ETF in the 4th quarter valued at about $2,914,000. San Luis Wealth Advisors LLC purchased a new position in shares of Tema Electrification ETF in the 4th quarter valued at about $2,634,000. Apollon Wealth Management LLC purchased a new position in shares of Tema Electrification ETF in the 4th quarter valued at about $404,000. Members Advisory Group LLC purchased a new position in shares of Tema Electrification ETF in the 4th quarter valued at about $9,684,000. Finally, Brookstone Capital Management purchased a new position in shares of Tema Electrification ETF in the 4th quarter valued at about $1,228,000. Hedge funds and other institutional investors own 33.60% of the company’s stock.

Tema Electrification ETF Company Profile

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.