Columbia Select Technology ETF (NYSEARCA:SEMI) Short Interest Down 40.8% in May

Columbia Select Technology ETF (NYSEARCA:SEMI) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 8,018 shares, a decline of 40.8% from the April 30th total of 13,537 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 8,367 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Columbia Select Technology ETF

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in Columbia Select Technology ETF in the 2nd quarter worth about $34,000. Ascentis Independent Advisors purchased a new stake in Columbia Select Technology ETF in the 1st quarter worth about $36,000. Harbour Investments Inc. increased its holdings in Columbia Select Technology ETF by 11.0% in the 4th quarter. Harbour Investments Inc. now owns 3,328 shares of the company’s stock worth $102,000 after acquiring an additional 330 shares during the last quarter. Johnson Financial Group LLC purchased a new stake in Columbia Select Technology ETF in the 4th quarter worth about $208,000. Finally, Commonwealth Equity Services LLC increased its holdings in Columbia Select Technology ETF by 13.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 8,447 shares of the company’s stock worth $259,000 after acquiring an additional 979 shares during the last quarter. Hedge funds and other institutional investors own 62.97% of the company’s stock.

Columbia Select Technology ETF Price Performance

NYSEARCA SEMI opened at $39.95 on Tuesday. The stock has a market capitalization of $47.94 million, a price-to-earnings ratio of -7.57 and a beta of 1.51. Columbia Select Technology ETF has a one year low of $25.21 and a one year high of $40.00. The business’s fifty day moving average is $33.99 and its 200-day moving average is $32.13.

About Columbia Select Technology ETF

The Columbia Seligman Semiconductor & Technology ETF (SEMI) is an exchange-traded fund that mostly invests in information technology equity. The fund is an actively-managed, non-transparent fund that seeks capital appreciation by investing in domestic or foreign semiconductor and technology-related companies. The fund utilizes the Fidelity non-transparent model. SEMI was launched on Mar 29, 2022 and is managed by Columbia.