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

Suncoast Select Growth ETF (NYSEARCA:SEMG) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 382 shares, a decline of 79.2% from the June 15th total of 1,835 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,294 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Suncoast Select Growth ETF

A hedge fund recently raised its stake in Suncoast Select Growth ETF stock. Royal Bank of Canada increased its holdings 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 Form 13F filing with the SEC. The firm owned 176,887 shares of the company’s stock after acquiring an additional 174,224 shares during the quarter. 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 SEC. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Suncoast Select Growth ETF Price Performance

NYSEARCA SEMG traded up $0.20 on Friday, reaching $27.12. The stock had a trading volume of 2,557 shares, compared to its average volume of 11,409. The company has a market cap of $64.27 million, a P/E ratio of -22.98 and a beta of 0.91. The firm has a fifty day moving average of $26.51 and a two-hundred day moving average of $26.08. Suncoast Select Growth ETF has a 1-year low of $23.28 and a 1-year high of $27.79.

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.