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

Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 10,930 shares, a decline of 53.3% from the July 30th total of 23,405 shares. Based on an average daily trading volume, of 37,818 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Thrivent Small-Mid Cap Equity ETF Stock Down 2.0%

Shares of Thrivent Small-Mid Cap Equity ETF stock traded down $0.97 during trading hours on Friday, hitting $47.42. 61,681 shares of the company’s stock traded hands, compared to its average volume of 84,856. The stock has a 50 day simple moving average of $49.55 and a 200-day simple moving average of $46.97. The company has a market cap of $948.40 million, a PE ratio of 19.48 and a beta of 1.28. Thrivent Small-Mid Cap Equity ETF has a twelve month low of $38.38 and a twelve month high of $52.37.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Advisory Services LLC purchased a new stake in Thrivent Small-Mid Cap Equity ETF during the 2nd quarter worth approximately $28,000. Safeguard Investment Advisory Group LLC acquired a new position in shares of Thrivent Small-Mid Cap Equity ETF in the 2nd quarter valued at approximately $203,000. Sunbelt Securities Inc. boosted its stake in shares of Thrivent Small-Mid Cap Equity ETF by 70.4% during the 1st quarter. Sunbelt Securities Inc. now owns 32,236 shares of the company’s stock valued at $1,340,000 after buying an additional 13,316 shares during the last quarter. RMG Wealth Management LLC purchased a new position in shares of Thrivent Small-Mid Cap Equity ETF during the 1st quarter valued at approximately $95,000. Finally, Osaic Holdings Inc. grew its position in shares of 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.

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.