Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) Shares Shorted: Short Interest Down 66.9% in October

Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 9,193 shares, a drop of 66.9% from the September 30th total of 27,804 shares. Based on an average daily trading volume, of 60,052 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TSME. Sunbelt Securities Inc. lifted its holdings in 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 worth $1,340,000 after purchasing an additional 13,316 shares during the last quarter. Capital Analysts LLC grew its holdings in Thrivent Small-Mid Cap Equity ETF by 55.2% during the second quarter. Capital Analysts LLC now owns 16,430 shares of the company’s stock valued at $861,000 after purchasing an additional 5,846 shares during the last quarter. Safeguard Investment Advisory Group LLC acquired a new position in Thrivent Small-Mid Cap Equity ETF during the second quarter valued at approximately $203,000. RMG Wealth Management LLC acquired a new position in Thrivent Small-Mid Cap Equity ETF during the first quarter valued at approximately $95,000. Finally, Center for Financial Planning Inc. bought a new position in shares of Thrivent Small-Mid Cap Equity ETF in the third quarter valued at approximately $81,000.

Thrivent Small-Mid Cap Equity ETF Trading Down 2.7%

NYSEARCA TSME traded down $1.26 during trading on Friday, hitting $45.73. 832,203 shares of the company traded hands, compared to its average volume of 82,035. Thrivent Small-Mid Cap Equity ETF has a 12 month low of $38.38 and a 12 month high of $52.37. The business has a fifty day simple moving average of $46.39 and a 200 day simple moving average of $46.61. The company has a market capitalization of $896.31 million, a P/E ratio of 19.48 and a beta of 1.28.

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.