Columbia Select Technology ETF (NYSEARCA:SEMI) Short Interest Down 40.8% in May

Columbia Select Technology ETF (NYSEARCA:SEMI) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 8,018 shares, a drop of 40.8% from the April 30th total of 13,537 shares. Based on an average trading volume of 8,367 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.7% of the shares of the company are short sold.

Columbia Select Technology ETF Stock Performance

Shares of SEMI opened at $39.95 on Tuesday. The firm has a market cap of $47.94 million, a P/E ratio of -7.57 and a beta of 1.51. Columbia Select Technology ETF has a fifty-two week low of $25.21 and a fifty-two week high of $40.00. The business has a 50-day moving average of $33.99 and a 200 day moving average of $32.13.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Harbour Investments Inc. grew its holdings in Columbia Select Technology ETF by 11.0% during the 4th quarter. Harbour Investments Inc. now owns 3,328 shares of the company’s stock valued at $102,000 after buying an additional 330 shares in the last quarter. Next Level Private LLC grew its holdings in Columbia Select Technology ETF by 4.4% during the 4th quarter. Next Level Private LLC now owns 17,165 shares of the company’s stock valued at $526,000 after buying an additional 731 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Columbia Select Technology ETF by 13.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 8,447 shares of the company’s stock valued at $259,000 after buying an additional 979 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Columbia Select Technology ETF during the 2nd quarter valued at about $34,000. Finally, Ascentis Independent Advisors purchased a new position in Columbia Select Technology ETF during the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 62.97% of the company’s stock.

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.