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

Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 11,070 shares, a decline of 60.9% from the June 15th total of 28,335 shares. Based on an average trading volume of 89,669 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Sunbelt Securities Inc. increased its stake in shares of Thrivent Small-Mid Cap Equity ETF by 70.4% in the 1st quarter. Sunbelt Securities Inc. now owns 32,236 shares of the company’s stock valued at $1,340,000 after buying an additional 13,316 shares during the period. RMG Wealth Management LLC bought a new position in Thrivent Small-Mid Cap Equity ETF in the first quarter valued at about $95,000. Osaic Holdings Inc. increased its position in Thrivent Small-Mid Cap Equity ETF by 4.4% in the fourth quarter. Osaic Holdings Inc. now owns 7,709 shares of the company’s stock worth $321,000 after purchasing an additional 323 shares during the period. Royal Bank of Canada increased its position in Thrivent Small-Mid Cap Equity ETF by 45.8% in the fourth quarter. Royal Bank of Canada now owns 9,101 shares of the company’s stock worth $379,000 after purchasing an additional 2,860 shares during the period. Finally, Stifel Financial Corp raised its holdings in Thrivent Small-Mid Cap Equity ETF by 26.5% during the 4th quarter. Stifel Financial Corp now owns 76,903 shares of the company’s stock worth $3,202,000 after purchasing an additional 16,121 shares during the last quarter.

Thrivent Small-Mid Cap Equity ETF Stock Performance

Shares of TSME stock opened at $49.91 on Monday. Thrivent Small-Mid Cap Equity ETF has a 1 year low of $37.23 and a 1 year high of $52.37. The firm’s 50 day moving average is $48.68 and its 200-day moving average is $45.73. The firm has a market capitalization of $973.24 million, a price-to-earnings ratio of 19.48 and a beta of 1.26.

Thrivent Small-Mid Cap Equity ETF Company Profile

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.