Columbia Select Technology ETF (NYSEARCA:SEMI) Short Interest Up 103.3% in August

Columbia Select Technology ETF (NYSEARCA:SEMI) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 20,884 shares, a growth of 103.3% from the August 15th total of 10,270 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average trading volume of 10,056 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Investors Weigh In On Columbia Select Technology ETF

Large investors have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new position in Columbia Select Technology ETF during the 2nd quarter worth approximately $239,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Columbia Select Technology ETF in the second quarter valued at approximately $41,000. Cetera Investment Advisers raised its stake in shares of Columbia Select Technology ETF by 336.5% during the first quarter. Cetera Investment Advisers now owns 63,474 shares of the company’s stock valued at $1,833,000 after purchasing an additional 48,933 shares during the period. Kestra Advisory Services LLC raised its stake in shares of 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 purchasing an additional 1,253 shares during the period. Finally, Ascentis Independent Advisors acquired a new position in shares of Columbia Select Technology ETF during the first quarter worth $36,000. Institutional investors and hedge funds own 62.97% of the company’s stock.

Columbia Select Technology ETF Price Performance

NYSEARCA SEMI traded up $0.38 during trading hours on Wednesday, hitting $37.50. The company had a trading volume of 1,649 shares, compared to its average volume of 12,439. The firm’s 50 day moving average is $37.93 and its 200 day moving average is $35.89. Columbia Select Technology ETF has a fifty-two week low of $27.41 and a fifty-two week high of $41.03. The company has a market capitalization of $74.97 million, a price-to-earnings ratio of -7.10 and a beta of 1.53.

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.