Short Interest in Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) Increases By 276.4%

Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 41,667 shares, an increase of 276.4% from the June 30th total of 11,070 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 77,225 shares, the days-to-cover ratio is presently 0.5 days.

Thrivent Small-Mid Cap Equity ETF Stock Up 0.5%

Thrivent Small-Mid Cap Equity ETF stock traded up $0.22 during mid-day trading on Monday, reaching $48.40. The company had a trading volume of 54,351 shares, compared to its average volume of 80,963. Thrivent Small-Mid Cap Equity ETF has a 52 week low of $38.38 and a 52 week high of $52.37. The company has a 50 day moving average of $48.98 and a 200-day moving average of $46.18. The firm has a market cap of $968 million, a price-to-earnings ratio of 19.48 and a beta of 1.26.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans increased its stake in Thrivent Small-Mid Cap Equity ETF by 22,244.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 5,586,076 shares of the company’s stock valued at $232,709,000 after acquiring an additional 5,561,076 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Thrivent Small-Mid Cap Equity ETF during the 3rd quarter worth approximately $386,000. Susquehanna International Group LLP bought a new stake in shares of Thrivent Small-Mid Cap Equity ETF during the third quarter valued at approximately $517,000. Sunbelt Securities Inc. increased its position in shares of Thrivent Small-Mid Cap Equity ETF by 18.9% during the fourth quarter. Sunbelt Securities Inc. now owns 18,920 shares of the company’s stock valued at $788,000 after purchasing an additional 3,002 shares during the period. Finally, Stifel Financial Corp raised its stake in shares of Thrivent Small-Mid Cap Equity ETF by 26.5% in the fourth quarter. Stifel Financial Corp now owns 76,903 shares of the company’s stock valued at $3,202,000 after purchasing an additional 16,121 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.