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

Columbia Select Technology ETF (NYSEARCA:SEMI) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 4,796 shares, a decline of 77.0% from the August 31st total of 20,884 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 5,719 shares, the days-to-cover ratio is presently 0.8 days.

Columbia Select Technology ETF Price Performance

SEMI traded up $0.26 during trading hours on Friday, reaching $39.92. The company’s stock had a trading volume of 3,634 shares, compared to its average volume of 12,558. Columbia Select Technology ETF has a fifty-two week low of $27.41 and a fifty-two week high of $41.03. The stock has a market cap of $43.91 million, a PE ratio of -7.56 and a beta of 1.53. The business’s 50-day moving average is $38.06 and its 200-day moving average is $36.37.

Hedge Funds Weigh In On Columbia Select Technology ETF

Several large investors have recently modified their holdings of SEMI. Harbour Investments Inc. grew its holdings in shares of Columbia Select Technology ETF by 11.0% during the 4th quarter. Harbour Investments Inc. now owns 3,328 shares of the company’s stock worth $102,000 after purchasing an additional 330 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Columbia Select Technology ETF in the 2nd quarter valued at about $41,000. Next Level Private LLC lifted its position in Columbia Select Technology ETF by 7.0% in the first quarter. Next Level Private LLC now owns 18,365 shares of the company’s stock valued at $530,000 after buying an additional 1,200 shares during the last quarter. Ascentis Independent Advisors acquired a new position in Columbia Select Technology ETF in the first quarter valued at about $36,000. Finally, Kestra Advisory Services LLC boosted its stake 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 worth $394,000 after buying an additional 1,253 shares during the period. Institutional investors and hedge funds own 62.97% of the company’s stock.

About Columbia Select Technology ETF

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.