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

Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 41,667 shares, a growth of 276.4% from the June 30th total of 11,070 shares. Based on an average daily volume of 77,225 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Thrivent Small-Mid Cap Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in shares of Thrivent Small-Mid Cap Equity ETF in the 1st quarter worth approximately $267,000. Raymond James Financial Inc. acquired a new position in Thrivent Small-Mid Cap Equity ETF during the second quarter worth $35,000. Citadel Advisors LLC purchased a new stake in Thrivent Small-Mid Cap Equity ETF during the third quarter worth $386,000. Susquehanna International Group LLP purchased a new stake in shares of Thrivent Small-Mid Cap Equity ETF in the third quarter valued at about $517,000. Finally, Sunbelt Securities Inc. grew its holdings in Thrivent Small-Mid Cap Equity ETF by 49.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 15,918 shares of the company’s stock valued at $660,000 after buying an additional 5,280 shares during the last quarter.

Thrivent Small-Mid Cap Equity ETF Stock Down 1.2%

Shares of NYSEARCA TSME traded down $0.58 during midday trading on Friday, hitting $48.18. The company had a trading volume of 67,854 shares, compared to its average volume of 81,191. The firm has a market capitalization of $949.15 million, a price-to-earnings ratio of 19.48 and a beta of 1.26. Thrivent Small-Mid Cap Equity ETF has a twelve month low of $38.38 and a twelve month high of $52.37. The business has a 50-day simple moving average of $48.98 and a two-hundred day simple moving average of $46.16.

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.