Themes Cybersecurity ETF (NASDAQ:SPAM) Short Interest Update

Themes Cybersecurity ETF (NASDAQ:SPAM) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 11,290 shares, an increase of 98.6% from the May 14th total of 5,685 shares. Based on an average trading volume of 4,924 shares, the days-to-cover ratio is currently 2.3 days. Approximately 14.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Themes Cybersecurity ETF stock. NewEdge Advisors LLC acquired a new stake in Themes Cybersecurity ETF (NASDAQ:SPAM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,826 shares of the company’s stock, valued at approximately $270,000. NewEdge Advisors LLC owned about 11.03% of Themes Cybersecurity ETF as of its most recent filing with the Securities and Exchange Commission.

Themes Cybersecurity ETF Stock Performance

Shares of SPAM remained flat at $38.80 during mid-day trading on Tuesday. The stock had a trading volume of 11,961 shares, compared to its average volume of 1,994. Themes Cybersecurity ETF has a fifty-two week low of $27.43 and a fifty-two week high of $42.76. The firm has a market capitalization of $3.10 million, a PE ratio of 28.26 and a beta of 1.12. The firm’s 50-day moving average price is $34.86 and its 200 day moving average price is $32.10.

About Themes Cybersecurity ETF

The Themes Cybersecurity ETF (SPAM) is an exchange-traded fund that is based on the Solactive Cyber Security index. The fund seeks to track a concentrated index of stocks from developed markets that derive their revenues from digital security software. Stocks are weighted based on market capitalization. SPAM was launched on Dec 8, 2023 and is issued by Themes.