Suncoast Select Growth ETF (NYSEARCA:SEMG) Sees Large Drop in Short Interest

Suncoast Select Growth ETF (NYSEARCA:SEMG) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 382 shares, a decrease of 79.2% from the June 15th total of 1,835 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,294 shares, the days-to-cover ratio is currently 0.1 days.

Suncoast Select Growth ETF Stock Performance

Shares of SEMG stock traded up $0.20 during midday trading on Friday, hitting $27.12. 2,557 shares of the company were exchanged, compared to its average volume of 11,409. The firm has a market capitalization of $64.27 million, a P/E ratio of -22.98 and a beta of 0.91. The firm’s 50 day moving average price is $26.51 and its two-hundred day moving average price is $26.08. Suncoast Select Growth ETF has a 52 week low of $23.28 and a 52 week high of $27.79.

Institutional Investors Weigh In On Suncoast Select Growth ETF

A hedge fund recently raised its stake in Suncoast Select Growth ETF stock. Royal Bank of Canada raised its position in shares of Suncoast Select Growth ETF (NYSEARCA:SEMG) by 6,542.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,887 shares of the company’s stock after acquiring an additional 174,224 shares during the period. Royal Bank of Canada owned approximately 7.66% of Suncoast Select Growth ETF worth $4,258,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.