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

Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 465 shares, a decline of 95.7% from the August 15th total of 10,930 shares. Based on an average daily volume of 180,575 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

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

Several institutional investors have recently made changes to their positions in TSME. Osaic Holdings Inc. grew its position in 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 in the last quarter. Jane Street Group LLC raised its holdings in Thrivent Small-Mid Cap Equity ETF by 5.2% in the 2nd quarter. Jane Street Group LLC now owns 8,426 shares of the company’s stock valued at $315,000 after acquiring an additional 416 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Thrivent Small-Mid Cap Equity ETF during the 2nd quarter valued at $28,000. Bailard Inc. lifted its position in shares of Thrivent Small-Mid Cap Equity ETF by 1.4% during 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. Finally, Raymond James Financial Inc. bought a new stake in shares of Thrivent Small-Mid Cap Equity ETF during the 2nd quarter valued at $35,000.

Thrivent Small-Mid Cap Equity ETF Trading Down 1.9%

NYSEARCA TSME traded down $0.91 during trading on Thursday, reaching $46.13. The company’s stock had a trading volume of 32,585 shares, compared to its average volume of 82,599. The firm has a market capitalization of $922.60 million, a price-to-earnings ratio of 19.48 and a beta of 1.27. Thrivent Small-Mid Cap Equity ETF has a 12 month low of $38.38 and a 12 month high of $52.37. The firm has a 50 day moving average price of $48.85 and a 200 day moving average price of $47.01.

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.