Short Interest in Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) Drops By 43.8%

Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 23,405 shares, a decrease of 43.8% from the July 15th total of 41,667 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 72,939 shares, the days-to-cover ratio is currently 0.3 days.

Thrivent Small-Mid Cap Equity ETF Trading Down 3.3%

TSME stock opened at $49.69 on Wednesday. The firm has a 50 day simple moving average of $49.80 and a 200-day simple moving average of $46.80. The company has a market capitalization of $993.80 million, a P/E 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

Several hedge funds have recently added to or reduced their stakes in TSME. Thrivent Financial for Lutherans grew its position in shares of Thrivent Small-Mid Cap Equity ETF by 22,244.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 5,586,076 shares of the company’s stock worth $232,709,000 after acquiring an additional 5,561,076 shares in the last quarter. LPL Financial LLC boosted its holdings in Thrivent Small-Mid Cap Equity ETF by 305.8% in the fourth quarter. LPL Financial LLC now owns 49,673 shares of the company’s stock worth $2,068,000 after purchasing an additional 37,431 shares during the period. Stifel Financial Corp increased its stake in Thrivent Small-Mid Cap Equity ETF by 26.5% during 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 during the last quarter. Sunbelt Securities Inc. lifted its position in shares of Thrivent Small-Mid Cap Equity ETF by 70.4% in 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. Finally, Susquehanna International Group LLP bought a new stake in shares of Thrivent Small-Mid Cap Equity ETF during the 3rd quarter valued at about $517,000.

Thrivent Small-Mid Cap Equity ETF Company Profile

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.