Tema Electrification ETF (NASDAQ:VOLT) Sees Large Volume Increase – Time to Buy?

Tema Electrification ETF (NASDAQ:VOLT) saw an uptick in trading volume on Friday . 128,401 shares were traded during mid-day trading, a decline of 46% from the previous session’s volume of 237,177 shares.The stock last traded at $39.45 and had previously closed at $39.46.

Tema Electrification ETF Trading Up 0.4%

The company has a market cap of $605.79 million, a P/E ratio of 360.18 and a beta of 1.01. The business’s fifty day moving average is $35.50 and its 200 day moving average is $32.15.

Institutional Trading of Tema Electrification ETF

A number of hedge funds have recently made changes to their positions in VOLT. Thrivent Financial for Lutherans raised its position in Tema Electrification ETF by 170.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,300,473 shares of the company’s stock valued at $66,784,000 after purchasing an additional 1,449,199 shares in the last quarter. Arrow Financial Corp purchased a new position in shares of Tema Electrification ETF in the 4th quarter worth about $10,730,000. Members Advisory Group LLC bought a new position in shares of Tema Electrification ETF during the 4th quarter valued at about $9,684,000. Hengehold Capital Management LLC purchased a new position in shares of Tema Electrification ETF during the 4th quarter valued at about $5,566,000. Finally, LPL Financial LLC raised its holdings in shares of Tema Electrification ETF by 831.9% during the 4th quarter. LPL Financial LLC now owns 146,969 shares of the company’s stock valued at $4,251,000 after buying an additional 131,198 shares in the last quarter. 33.60% of the stock is owned by institutional investors.

About Tema Electrification ETF

The Tema Electrification ETF (VOLT) is an exchange-traded fund that mostly invests in utilities equity. The fund actively invests in a concentrated portfolio of companies worldwide that are positioned to benefit from the electrification megacycle. The fund seeks long-term growth of capital. VOLT was launched on Dec 3, 2024 and is issued by Tema.