Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) Sees Significant Decline in Short Interest

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

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

Hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. boosted 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 acquired a new position in shares of Thrivent Small-Mid Cap Equity ETF during the first quarter worth about $95,000. Osaic Holdings Inc. increased its stake in shares of Thrivent Small-Mid Cap Equity ETF by 4.4% during the fourth quarter. Osaic Holdings Inc. now owns 7,709 shares of the company’s stock worth $321,000 after buying an additional 323 shares during the period. Royal Bank of Canada increased its stake in shares of Thrivent Small-Mid Cap Equity ETF by 45.8% during the fourth quarter. Royal Bank of Canada now owns 9,101 shares of the company’s stock worth $379,000 after buying 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% in the fourth quarter. Stifel Financial Corp now owns 76,903 shares of the company’s stock valued at $3,202,000 after acquiring an additional 16,121 shares in the last quarter.

Thrivent Small-Mid Cap Equity ETF Price Performance

Shares of NYSEARCA TSME traded down $0.16 during mid-day trading on Wednesday, hitting $49.27. The company had a trading volume of 77,336 shares, compared to its average volume of 81,127. The company has a market capitalization of $960.77 million, a PE ratio of 19.48 and a beta of 1.26. The business’s 50-day simple moving average is $48.75 and its 200 day simple moving average is $45.82. Thrivent Small-Mid Cap Equity ETF has a 1-year low of $37.23 and a 1-year high of $52.37.

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.