Columbia Select Technology ETF (NYSEARCA:SEMI) Sees Large Drop in Short Interest

Columbia Select Technology ETF (NYSEARCA:SEMI) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 10,270 shares, a drop of 58.1% from the July 30th total of 24,485 shares. Based on an average daily volume of 7,544 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.0% of the shares of the stock are sold short.

Columbia Select Technology ETF Trading Down 1.4%

SEMI traded down $0.56 during trading hours on Friday, hitting $38.12. The company’s stock had a trading volume of 8,920 shares, compared to its average volume of 12,915. Columbia Select Technology ETF has a 12 month low of $26.99 and a 12 month high of $41.03. The business’s 50-day moving average price is $38.15 and its 200-day moving average price is $35.26. The stock has a market cap of $38.12 million, a price-to-earnings ratio of -7.22 and a beta of 1.53.

Institutional Trading of Columbia Select Technology ETF

Several institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake 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 worth $1,833,000 after purchasing an additional 48,933 shares during the last quarter. Johnson Financial Group LLC purchased a new stake in Columbia Select Technology ETF during the 4th quarter worth approximately $208,000. Kestra Advisory Services LLC increased its stake in Columbia Select Technology ETF by 10.1% during the 1st quarter. Kestra Advisory Services LLC now owns 13,662 shares of the company’s stock valued at $394,000 after purchasing an additional 1,253 shares in the last quarter. Ascentis Independent Advisors purchased a new position in shares of Columbia Select Technology ETF in the first quarter worth $36,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Columbia Select Technology ETF in the second quarter worth $34,000. Institutional investors own 62.97% of the company’s stock.

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.