Short Interest in Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) Decreases By 60.9%

Thrivent Small-Mid Cap Equity ETF (NYSEARCA:TSME) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 11,070 shares, a drop of 60.9% from the June 15th total of 28,335 shares. Based on an average daily volume of 89,669 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Thrivent Small-Mid Cap Equity ETF Stock Performance

TSME traded up $0.31 during trading on Tuesday, hitting $49.43. The stock had a trading volume of 113,980 shares, compared to its average volume of 81,157. The firm has a market capitalization of $963.88 million, a P/E ratio of 19.48 and a beta of 1.26. Thrivent Small-Mid Cap Equity ETF has a twelve month low of $37.23 and a twelve month high of $52.37. The company’s 50-day moving average price is $48.72 and its 200 day moving average price is $45.77.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TSME. Jane Street Group LLC acquired a new stake in Thrivent Small-Mid Cap Equity ETF in the first quarter valued at about $267,000. Raymond James Financial Inc. acquired a new position in Thrivent Small-Mid Cap Equity ETF during the 2nd quarter worth approximately $35,000. Citadel Advisors LLC acquired a new position in Thrivent Small-Mid Cap Equity ETF during the 3rd quarter worth approximately $386,000. Susquehanna International Group LLP purchased a new position in shares of Thrivent Small-Mid Cap Equity ETF during the 3rd quarter worth approximately $517,000. Finally, Sunbelt Securities Inc. raised its stake in shares of Thrivent Small-Mid Cap Equity ETF by 49.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 15,918 shares of the company’s stock worth $660,000 after buying an additional 5,280 shares in the last quarter.

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.