Columbia Select Technology ETF (NYSEARCA:SEMI) Short Interest Up 156.5% in July

Columbia Select Technology ETF (NYSEARCA:SEMI) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 24,485 shares, an increase of 156.5% from the July 15th total of 9,547 shares. Based on an average daily trading volume, of 10,202 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SEMI. JPMorgan Chase & Co. bought a new stake in Columbia Select Technology ETF during the 2nd quarter worth about $34,000. Ascentis Independent Advisors acquired a new position in Columbia Select Technology ETF during the first quarter valued at approximately $36,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Columbia Select Technology ETF in the 2nd quarter valued at $41,000. Harbour Investments Inc. increased its holdings in shares of Columbia Select Technology ETF by 11.0% in the fourth quarter. Harbour Investments Inc. now owns 3,328 shares of the company’s stock worth $102,000 after acquiring an additional 330 shares in the last quarter. Finally, Johnson Financial Group LLC acquired a new stake in Columbia Select Technology ETF during the 4th quarter worth approximately $208,000. 62.97% of the stock is owned by institutional investors and hedge funds.

Columbia Select Technology ETF Stock Performance

NYSEARCA SEMI opened at $39.41 on Friday. The firm has a 50-day simple moving average of $38.28 and a 200 day simple moving average of $34.74. The stock has a market cap of $39.41 million, a PE ratio of -7.46 and a beta of 1.53. Columbia Select Technology ETF has a twelve month low of $26.99 and a twelve month high of $41.03.

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.