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

Columbia Select Technology ETF (NYSEARCA:SEMI) was the target of a significant growth in short interest during the month of 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 trading volume of 11,308 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.3% of the company’s stock are sold short.

Columbia Select Technology ETF Price Performance

SEMI traded up $0.14 during trading on Friday, reaching $39.09. 3,127 shares of the stock traded hands, compared to its average volume of 14,018. The stock has a market cap of $39.09 million, a price-to-earnings ratio of -7.40 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. The stock’s 50-day simple moving average is $38.33 and its two-hundred day simple moving average is $33.64.

Institutional Investors Weigh In On Columbia Select Technology ETF

Several institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers lifted 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 during the last quarter. Johnson Financial Group LLC acquired a new position in Columbia Select Technology ETF in the fourth quarter worth approximately $208,000. Kestra Advisory Services LLC raised its position in Columbia Select Technology ETF by 10.1% during the first quarter. Kestra Advisory Services LLC now owns 13,662 shares of the company’s stock valued at $394,000 after acquiring an additional 1,253 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Columbia Select Technology ETF during the second quarter valued at approximately $34,000. Finally, Ascentis Independent Advisors acquired a new stake in Columbia Select Technology ETF in the first quarter valued at approximately $36,000. 62.97% of the stock is currently owned by institutional investors and hedge funds.

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.