Short Interest in Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) Drops By 43.8%

Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 23,405 shares, a decrease of 43.8% from the July 15th total of 41,667 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 72,939 shares, the days-to-cover ratio is currently 0.3 days.

Thrivent Small-Mid Cap Equity ETF Stock Performance

TSME stock traded up $0.23 during trading on Monday, reaching $51.20. 8,624 shares of the company traded hands, compared to its average volume of 77,242. The business has a 50 day simple moving average of $49.70 and a 200 day simple moving average of $46.72. Thrivent Small-Mid Cap Equity ETF has a 12 month low of $38.38 and a 12 month high of $52.37. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 19.48 and a beta of 1.28.

Institutional Trading of Thrivent Small-Mid Cap Equity ETF

Institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. raised its stake 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 valued at $321,000 after buying an additional 323 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Thrivent Small-Mid Cap Equity ETF by 5.2% during the second quarter. Jane Street Group LLC now owns 8,426 shares of the company’s stock valued at $315,000 after buying an additional 416 shares during the last quarter. Bailard Inc. increased its position in shares of Thrivent Small-Mid Cap Equity ETF by 1.4% in the 4th quarter. Bailard Inc. now owns 38,023 shares of the company’s stock valued at $1,583,000 after acquiring an additional 541 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Thrivent Small-Mid Cap Equity ETF in the 2nd quarter valued at $35,000. Finally, Capital Analysts LLC acquired a new position in shares of Thrivent Small-Mid Cap Equity ETF in the fourth quarter valued at about $56,000.

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.