Columbia Select Technology ETF (NYSEARCA:SEMI) Short Interest Up 299.8% in June

Columbia Select Technology ETF (NYSEARCA:SEMI) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 23,336 shares, a growth of 299.8% from the June 15th total of 5,837 shares. Based on an average daily volume of 11,308 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On Columbia Select Technology ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Columbia Select Technology ETF in the 2nd quarter worth about $41,000. Cetera Investment Advisers raised its holdings in shares of Columbia Select Technology ETF by 336.5% during the 1st quarter. Cetera Investment Advisers now owns 63,474 shares of the company’s stock valued at $1,833,000 after buying an additional 48,933 shares in the last quarter. Kestra Advisory Services LLC lifted its position in Columbia Select Technology ETF by 10.1% in the 1st quarter. Kestra Advisory Services LLC now owns 13,662 shares of the company’s stock worth $394,000 after buying an additional 1,253 shares during the last quarter. Ascentis Independent Advisors bought a new stake in Columbia Select Technology ETF in the 1st quarter worth approximately $36,000. Finally, Next Level Private LLC lifted its position in Columbia Select Technology ETF by 7.0% in the 1st quarter. Next Level Private LLC now owns 18,365 shares of the company’s stock worth $530,000 after buying an additional 1,200 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 traded down $1.04 during trading hours on Monday, hitting $38.05. The stock had a trading volume of 7,787 shares, compared to its average volume of 13,970. The company has a 50 day simple moving average of $38.40 and a two-hundred day simple moving average of $33.69. The firm has a market capitalization of $38.05 million, a price-to-earnings ratio of -7.21 and a beta of 1.52. Columbia Select Technology ETF has a one year low of $26.99 and a one year high of $41.03.

Columbia Select Technology ETF Company Profile

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.