Short Interest in Tema Memory ETF (NYSEARCA:DISK) Drops By 37.5%

Tema Memory ETF (NYSEARCA:DISKGet Free Report) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 181,686 shares, a decrease of 37.5% from the August 15th total of 290,619 shares. Based on an average trading volume of 254,898 shares, the days-to-cover ratio is presently 0.7 days. Approximately 8.8% of the company’s stock are short sold.

Tema Memory ETF Price Performance

NYSEARCA DISK traded up $1.48 during trading hours on Thursday, reaching $37.38. The company’s stock had a trading volume of 85,239 shares, compared to its average volume of 332,704. The stock has a market capitalization of $112.10 million, a price-to-earnings ratio of -3,738.00 and a beta of 7.32. The firm has a 50-day moving average price of $36.15. Tema Memory ETF has a 1-year low of $28.35 and a 1-year high of $50.46.

Tema Memory ETF (NYSEARCA: DISK) is an exchange-traded fund designed to provide investors with exposure to companies involved in the memory technology ecosystem. The fund’s strategy centers on businesses tied to the production, development, or use of memory-related hardware and components, an area that can include semiconductors and other technology suppliers connected to data storage and computing demand.

As an ETF, Tema Memory ETF does not operate as a traditional operating company with its own products or services.

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