Short Interest in Suncoast Select Growth ETF (NYSEARCA:SEMG) Drops By 47.0%

Suncoast Select Growth ETF (NYSEARCA:SEMG) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 7,247 shares, a decline of 47.0% from the April 30th total of 13,672 shares. Based on an average trading volume of 5,715 shares, the short-interest ratio is currently 1.3 days. Approximately 0.3% of the company’s stock are sold short.

Suncoast Select Growth ETF Stock Down 1.1%

NYSEARCA SEMG traded down $0.31 on Tuesday, hitting $26.82. 3,700 shares of the stock were exchanged, compared to its average volume of 12,644. Suncoast Select Growth ETF has a fifty-two week low of $23.28 and a fifty-two week high of $27.79. The company has a market cap of $61.95 million, a PE ratio of -22.73 and a beta of 1.11. The company has a 50-day moving average price of $25.66 and a 200-day moving average price of $26.18.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Suncoast Select Growth ETF stock. Royal Bank of Canada grew its stake in Suncoast Select Growth ETF (NYSEARCA:SEMG) by 6,542.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,887 shares of the company’s stock after buying an additional 174,224 shares during the period. Royal Bank of Canada owned 7.66% of Suncoast Select Growth ETF worth $4,258,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 95.63% of the company’s stock.

About Suncoast Select Growth ETF

The Suncoast Select Growth ETF (SEMG) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in US large- and mid-capitalization growth companies that are deemed high-quality. The fund aims for long-term capital appreciation SEMG was launched on May 14, 2025 and is issued by Suncoast.