Tema Electrification ETF (NASDAQ:VOLT) Sees Unusually-High Trading Volume – Time to Buy?

Tema Electrification ETF (NASDAQ:VOLT) shares saw an uptick in trading volume on Monday . 243,712 shares changed hands during mid-day trading, an increase of 7% from the previous session’s volume of 228,382 shares.The stock last traded at $37.44 and had previously closed at $37.60.

Tema Electrification ETF Stock Performance

The company has a market cap of $519.44 million, a price-to-earnings ratio of 346.45 and a beta of 1.01. The stock’s fifty day simple moving average is $34.89 and its two-hundred day simple moving average is $31.73.

Hedge Funds Weigh In On Tema Electrification ETF

Hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC acquired a new position in shares of Tema Electrification ETF in the 4th quarter valued at $28,000. SHP Wealth Management acquired a new position in shares of Tema Electrification ETF during the 4th quarter valued at $34,000. Osaic Holdings Inc. lifted its holdings in shares of Tema Electrification ETF by 381.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,280 shares of the company’s stock valued at $33,000 after acquiring an additional 1,014 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Tema Electrification ETF during the 4th quarter valued at $49,000. Finally, Arax Advisory Partners lifted its holdings in shares of Tema Electrification ETF by 4,765.7% during the 4th quarter. Arax Advisory Partners now owns 1,703 shares of the company’s stock valued at $49,000 after acquiring an additional 1,668 shares in the last quarter. Institutional investors and hedge funds own 33.60% of the company’s stock.

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.