Suncoast Select Growth ETF (NYSEARCA:SEMG) Sees Large Decline in Short Interest

Suncoast Select Growth ETF (NYSEARCA:SEMG) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 6,636 shares, a decrease of 40.2% from the August 31st total of 11,090 shares. Based on an average trading volume of 9,130 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Suncoast Select Growth ETF

A hedge fund recently raised its position in Suncoast Select Growth ETF stock. Royal Bank of Canada increased its stake in shares of Suncoast Select Growth ETF (NYSEARCA:SEMG) by 6,542.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,887 shares of the company’s stock after buying an additional 174,224 shares during the period. Royal Bank of Canada owned about 7.66% of Suncoast Select Growth ETF worth $4,258,000 as of its most recent filing with the Securities and Exchange Commission. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Suncoast Select Growth ETF Stock Performance

NYSEARCA:SEMG traded up $0.20 during trading hours on Friday, hitting $27.97. The company’s stock had a trading volume of 2,276 shares, compared to its average volume of 9,883. Suncoast Select Growth ETF has a 52-week low of $23.28 and a 52-week high of $28.35. The business’s 50-day moving average is $27.57 and its two-hundred day moving average is $26.55. The company has a market capitalization of $63.49 million, a PE ratio of -23.70 and a beta of 0.85.

Suncoast Select Growth ETF Company Profile

The Suncoast Select Growth ETF (SEMG) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in US large- and mid-capitalization growth companies that are deemed high-quality. The fund aims for long-term capital appreciation SEMG was launched on May 14, 2025 and is issued by Suncoast.