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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 40.69K | 110.98K | 1.00 |
| Aug 31, 2026 | 27.08K | 229.21K | 1.00 |
| Aug 14, 2026 | 88.21K | 275.78K | 1.00 |
| Jul 31, 2026 | 100.33K | 105.43K | 1.00 |
| Jul 15, 2026 | 13.61K | 100.27K | 1.00 |
| Nov 28, 2025 | 21.24M | 5.29M | 4.02 |
| Nov 14, 2025 | 20.79M | 9.19M | 2.26 |
| Oct 15, 2025 | 12.8M | 7.57M | 1.69 |
| Sep 30, 2025 | 12.93M | 5.47M | 2.36 |
| Aug 29, 2025 | 11.94M | 4.01M | 2.98 |
| Aug 15, 2025 | 11.12M | 4.21M | 2.64 |
| Jul 31, 2025 | 8.31M | 5.19M | 1.60 |
The share of each day’s reported trading that was a short sale. This is not short interest: most of it is market makers selling short to fill buy orders and buying back within the day, so a ratio of 30–50% is ordinary for a heavily traded stock and says little about how many shares are held short overnight.
Figures describe Tema Photonics & Optical ETF shares, not any token. As of Sep 15, 2026, from exchange short-interest reports and FINRA short-sale volume, via Massive. Short sellers borrow and sell the shares themselves; token holders are not lending theirs.