Short Interest in Tema Memory ETF (NYSEARCA:DISK) Expands By 1,564.8%

Tema Memory ETF (NYSEARCA:DISK) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,237,921 shares, a growth of 1,564.8% from the July 15th total of 74,358 shares. Based on an average daily volume of 520,944 shares, the short-interest ratio is currently 2.4 days. Approximately 59.8% of the company’s shares are short sold.

Tema Memory ETF Stock Performance

NYSEARCA DISK traded up $0.71 on Tuesday, hitting $33.85. 105,216 shares of the stock were exchanged, compared to its average volume of 430,552. Tema Memory ETF has a 52-week low of $28.35 and a 52-week high of $50.46. The stock has a market cap of $70.07 million and a price-to-earnings ratio of -3,385.00.

Tema Memory ETF (NYSEARCA: DISK) is an exchange-traded fund designed to provide investors with exposure to companies involved in the memory technology ecosystem. The fund’s strategy centers on businesses tied to the production, development, or use of memory-related hardware and components, an area that can include semiconductors and other technology suppliers connected to data storage and computing demand.

As an ETF, Tema Memory ETF does not operate as a traditional operating company with its own products or services.