Columbia Select Technology ETF (NYSEARCA:SEMI) Short Interest Up 103.3% in August

Columbia Select Technology ETF (NYSEARCA:SEMI) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 20,884 shares, a growth of 103.3% from the August 15th total of 10,270 shares. Based on an average trading volume of 10,056 shares, the short-interest ratio is currently 2.1 days. Approximately 2.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Columbia Select Technology ETF

Several institutional investors and hedge funds have recently bought and sold shares of SEMI. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Columbia Select Technology ETF in the second quarter worth about $41,000. Ascentis Independent Advisors bought a new position in shares of Columbia Select Technology ETF during the 1st quarter valued at approximately $36,000. Harbour Investments Inc. increased its holdings in Columbia Select Technology ETF by 11.0% in the 4th 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. NewEdge Advisors LLC purchased a new stake in Columbia Select Technology ETF in the 2nd quarter worth approximately $239,000. Finally, Johnson Financial Group LLC bought a new stake in Columbia Select Technology ETF during the 4th quarter worth approximately $208,000. 62.97% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Select Technology ETF Stock Performance

Shares of SEMI stock traded down $0.86 during mid-day trading on Monday, reaching $37.32. 6,890 shares of the company’s stock traded hands, compared to its average volume of 12,550. Columbia Select Technology ETF has a 12 month low of $27.41 and a 12 month high of $41.03. The firm has a 50 day moving average price of $37.96 and a two-hundred day moving average price of $35.81. The firm has a market capitalization of $37.32 million, a PE ratio of -7.07 and a beta of 1.53.

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.