Tema Electrification ETF (NASDAQ:VOLT) Shares Up 1.3% – Here’s Why

Shares of Tema Electrification ETF (NASDAQ:VOLT) rose 1.3% during mid-day trading on Thursday . The company traded as high as $34.85 and last traded at $34.68. Approximately 166,682 shares traded hands during trading, a decline of 22% from the average daily volume of 212,854 shares. The stock had previously closed at $34.25.

Tema Electrification ETF Price Performance

The company has a market capitalization of $359.98 million, a price-to-earnings ratio of 315.27 and a beta of 1.43. The firm has a fifty day simple moving average of $33.52 and a 200 day simple moving average of $30.72.

Institutional Investors Weigh In On Tema Electrification ETF

Institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC purchased a new stake in Tema Electrification ETF in the 4th quarter worth $211,000. SHP Wealth Management purchased a new position in Tema Electrification ETF during the fourth quarter valued at $34,000. Torrey Payne Wealth Management LLC purchased a new position in Tema Electrification ETF during the fourth quarter valued at $2,196,000. Ameriflex Group Inc. acquired a new stake in shares of Tema Electrification ETF in the fourth quarter valued at about $49,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Tema Electrification ETF in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 33.60% of the company’s stock.

Tema Electrification ETF Company Profile

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.