Tema American Reshoring ETF (NYSEARCA:RSHO) Short Interest Update

Tema American Reshoring ETF (NYSEARCA:RSHO) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 35,931 shares, a growth of 562.7% from the April 30th total of 5,422 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 30,199 shares, the short-interest ratio is presently 1.2 days.

Tema American Reshoring ETF Trading Down 1.0%

Shares of Tema American Reshoring ETF stock traded down $0.59 on Thursday, reaching $57.61. 16,490 shares of the company were exchanged, compared to its average volume of 40,839. The stock has a fifty day moving average price of $54.03 and a 200-day moving average price of $50.06. The firm has a market capitalization of $267.89 million, a price-to-earnings ratio of 26.43 and a beta of 1.36. Tema American Reshoring ETF has a fifty-two week low of $36.93 and a fifty-two week high of $59.40.

Institutional Investors Weigh In On Tema American Reshoring ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Thrivent Financial for Lutherans raised its position in shares of Tema American Reshoring ETF by 405.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,803,201 shares of the company’s stock worth $80,112,000 after purchasing an additional 1,446,253 shares during the period. UBS Group AG grew its holdings in shares of Tema American Reshoring ETF by 14.7% during the fourth quarter. UBS Group AG now owns 195,526 shares of the company’s stock valued at $8,670,000 after buying an additional 25,059 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Tema American Reshoring ETF by 8.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 103,891 shares of the company’s stock valued at $4,870,000 after buying an additional 8,034 shares in the last quarter. Inspire Advisors LLC grew its holdings in shares of Tema American Reshoring ETF by 1.7% during the fourth quarter. Inspire Advisors LLC now owns 69,921 shares of the company’s stock valued at $3,100,000 after buying an additional 1,140 shares in the last quarter. Finally, WealthBridge Capital Management LLC grew its holdings in shares of Tema American Reshoring ETF by 1.9% during the first quarter. WealthBridge Capital Management LLC now owns 27,039 shares of the company’s stock valued at $1,346,000 after buying an additional 500 shares in the last quarter.

About Tema American Reshoring ETF

The Tema American Reshoring ETF (RSHO) is an exchange-traded fund that mostly invests in industrials equity. The fund actively manages a narrow portfolio of US stocks that are anticipated to benefit from deglobalization. The funds adviser combines a top-down and bottom-up approach to selecting and weighting fund holdings. RSHO was launched on May 11, 2023 and is managed by Tema.