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

by · The Markets Daily

Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME – Get Free Report) was the recipient of a significant decline in short interest during the month of 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. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 37,818 shares, the days-to-cover ratio is presently 0.3 days.

Thrivent Small-Mid Cap Equity ETF Stock Performance

Shares of NYSEARCA TSME traded down $0.97 during mid-day trading on Friday, hitting $47.42. The stock had a trading volume of 61,681 shares, compared to its average volume of 84,856. The firm has a market cap of $948.40 million, a PE ratio of 19.48 and a beta of 1.28. The company has a 50 day moving average of $49.55 and a two-hundred day moving average of $46.97. 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

A number of hedge funds have recently modified their holdings of TSME. Ameritas Advisory Services LLC acquired a new stake in shares of Thrivent Small-Mid Cap Equity ETF during the second quarter worth about $28,000. Safeguard Investment Advisory Group LLC acquired a new position in Thrivent Small-Mid Cap Equity ETF in the 2nd quarter worth approximately $203,000. Sunbelt Securities Inc. raised its position in 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 worth $1,340,000 after buying an additional 13,316 shares during the last quarter. RMG Wealth Management LLC purchased a new position in Thrivent Small-Mid Cap Equity ETF during the 1st quarter worth approximately $95,000. Finally, Osaic Holdings Inc. lifted its stake in Thrivent Small-Mid Cap Equity ETF by 4.4% during the 4th quarter. Osaic Holdings Inc. now owns 7,709 shares of the company’s stock valued at $321,000 after acquiring an additional 323 shares during the period.

Thrivent Small-Mid Cap Equity ETF Company Profile

(Get Free Report)

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.

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