Tema Electrification ETF (NASDAQ:VOLT) Stock Short Interest Drops 89.9%

Tema Electrification ETF (NASDAQ:VOLT) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 8,959 shares, a decline of 89.9% from the October 15th total of 88,998 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 248,100 shares, the short-interest ratio is currently 0.0 days.

Tema Electrification ETF Price Performance

NASDAQ:VOLT opened at $33.07 on Wednesday. Tema Electrification ETF has a one year low of $28.05 and a one year high of $42.16. The company has a fifty day moving average price of $35.05 and a 200 day moving average price of $36.65. The stock has a market cap of $981.19 million, a P/E ratio of 300.64 and a beta of 1.08.

Hedge Funds Weigh In On Tema Electrification ETF

Hedge funds have recently modified their holdings of the stock. JFS Wealth Advisors LLC acquired a new position in Tema Electrification ETF during the second quarter worth $27,000. North Star Investment Management Corp. acquired a new stake in shares of Tema Electrification ETF in the 3rd quarter valued at $25,000. Bessemer Group Inc. acquired a new stake in shares of Tema Electrification ETF in the 3rd quarter valued at $35,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Tema Electrification ETF in the 3rd quarter valued at $64,000. Finally, Allworth Financial LP grew its holdings in shares of Tema Electrification ETF by 92.2% in the 2nd quarter. Allworth Financial LP now owns 3,240 shares of the company’s stock worth $136,000 after purchasing an additional 1,554 shares during the last quarter. 33.60% of the stock is owned by institutional investors and hedge funds.

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.