Short Interest in Suncoast Select Growth ETF (NYSEARCA:SEMG) Increases By 218.2%

Suncoast Select Growth ETF (NYSEARCA:SEMG) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 11,090 shares, a growth of 218.2% from the August 15th total of 3,485 shares. Based on an average daily trading volume, of 4,344 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.5% of the shares of the stock are sold short.

Suncoast Select Growth ETF Trading Up 0.9%

NYSEARCA SEMG traded up $0.25 on Friday, hitting $27.33. 8,518 shares of the company were exchanged, compared to its average volume of 10,252. Suncoast Select Growth ETF has a 1-year low of $23.28 and a 1-year high of $28.35. The firm has a 50 day moving average of $27.40 and a two-hundred day moving average of $26.33. The company has a market cap of $64.77 million, a P/E ratio of -23.16 and a beta of 0.86.

Hedge Funds Weigh In On Suncoast Select Growth ETF

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

About Suncoast Select Growth ETF

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.