Columbia Select Technology ETF (NYSEARCA:SEMI) Stock Short Interest Rises 354.8%

Columbia Select Technology ETF (NYSEARCA:SEMI) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 21,812 shares, an increase of 354.8% from the September 15th total of 4,796 shares. Based on an average daily trading volume, of 11,516 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.0% of the shares of the stock are sold short.

Institutional Trading of Columbia Select Technology ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SEMI. Cetera Investment Advisers lifted its holdings in Columbia Select Technology ETF by 336.5% in the 1st quarter. Cetera Investment Advisers now owns 63,474 shares of the company’s stock worth $1,833,000 after buying an additional 48,933 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Columbia Select Technology ETF during the second quarter valued at approximately $239,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Columbia Select Technology ETF during the second quarter valued at approximately $41,000. Kestra Advisory Services LLC raised its holdings 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 acquiring an additional 1,253 shares in the last quarter. Finally, Ascentis Independent Advisors bought a new position in shares of Columbia Select Technology ETF during the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 62.97% of the company’s stock.

Columbia Select Technology ETF Stock Performance

Columbia Select Technology ETF stock traded down $0.52 during midday trading on Monday, hitting $39.93. 7,688 shares of the company’s stock were exchanged, compared to its average volume of 12,247. Columbia Select Technology ETF has a 52-week low of $27.41 and a 52-week high of $41.50. The stock has a 50-day moving average price of $38.83 and a two-hundred day moving average price of $37.11. The company has a market cap of $43.92 million, a P/E ratio of -7.56 and a beta of 1.52.

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.