Short Interest in Columbia Select Technology ETF (NYSEARCA:SEMI) Grows By 299.8%

Columbia Select Technology ETF (NYSEARCA:SEMI) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 23,336 shares, a growth of 299.8% from the June 15th total of 5,837 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average daily volume of 11,308 shares, the days-to-cover ratio is currently 2.1 days.

Hedge Funds Weigh In On Columbia Select Technology ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers boosted its stake in Columbia Select Technology ETF by 336.5% in the 1st quarter. Cetera Investment Advisers now owns 63,474 shares of the company’s stock worth $1,833,000 after purchasing an additional 48,933 shares in the last quarter. Johnson Financial Group LLC purchased a new position in shares of Columbia Select Technology ETF in the fourth quarter worth $208,000. Kestra Advisory Services LLC raised its holdings in shares of Columbia Select Technology ETF by 10.1% in the first quarter. Kestra Advisory Services LLC now owns 13,662 shares of the company’s stock worth $394,000 after buying an additional 1,253 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Columbia Select Technology ETF during the second quarter worth $34,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Columbia Select Technology ETF during the first quarter worth $36,000. 62.97% of the stock is owned by hedge funds and other institutional investors.

Columbia Select Technology ETF Stock Performance

NYSEARCA:SEMI traded up $0.75 during mid-day trading on Tuesday, hitting $38.80. 465 shares of the company’s stock traded hands, compared to its average volume of 13,867. The company has a fifty day moving average of $38.40 and a 200 day moving average of $33.69. Columbia Select Technology ETF has a twelve month low of $26.99 and a twelve month high of $41.03. The company has a market capitalization of $38.80 million, a P/E ratio of -7.35 and a beta of 1.52.

About Columbia Select Technology ETF

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.