Short Interest in Columbia Select Technology ETF (NYSEARCA:SEMI) Decreases By 51.9%

Columbia Select Technology ETF (NYSEARCA:SEMI) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 5,837 shares, a decline of 51.9% from the May 31st total of 12,141 shares. Based on an average daily trading volume, of 8,814 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SEMI. Harbour Investments Inc. boosted its holdings in shares of Columbia Select Technology ETF by 11.0% in the 4th quarter. Harbour Investments Inc. now owns 3,328 shares of the company’s stock valued at $102,000 after buying an additional 330 shares during the last quarter. Next Level Private LLC increased its holdings in Columbia Select Technology ETF by 4.4% during the fourth quarter. Next Level Private LLC now owns 17,165 shares of the company’s stock worth $526,000 after buying an additional 731 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Columbia Select Technology ETF by 13.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 8,447 shares of the company’s stock worth $259,000 after acquiring an additional 979 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Columbia Select Technology ETF during the second quarter worth $34,000. Finally, Ascentis Independent Advisors acquired a new stake in Columbia Select Technology ETF in the first quarter valued at $36,000. 62.97% of the stock is currently owned by institutional investors.

Columbia Select Technology ETF Price Performance

Shares of NYSEARCA SEMI opened at $39.25 on Thursday. The business has a 50-day moving average of $37.78 and a 200-day moving average of $33.27. The stock has a market capitalization of $39.25 million, a price-to-earnings ratio of -7.43 and a beta of 1.52. Columbia Select Technology ETF has a fifty-two week low of $26.99 and a fifty-two week high of $41.03.

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.