Columbia Select Technology ETF (NYSEARCA:SEMI) Short Interest Down 59.1% in July

Columbia Select Technology ETF (NYSEARCA:SEMI) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 9,547 shares, a decline of 59.1% from the June 30th total of 23,336 shares. Based on an average daily trading volume, of 9,455 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SEMI. JPMorgan Chase & Co. acquired a new stake in Columbia Select Technology ETF in the second quarter worth $34,000. Harbour Investments Inc. boosted its position in shares of Columbia Select Technology ETF by 11.0% during the 4th quarter. Harbour Investments Inc. now owns 3,328 shares of the company’s stock worth $102,000 after purchasing an additional 330 shares in the last quarter. Johnson Financial Group LLC bought a new position in shares of Columbia Select Technology ETF during the 4th quarter worth about $208,000. Commonwealth Equity Services LLC grew its stake in shares of Columbia Select Technology ETF by 13.1% in 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 during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of Columbia Select Technology ETF in the 4th quarter valued at about $445,000. 62.97% of the stock is owned by institutional investors.

Columbia Select Technology ETF Stock Performance

Shares of Columbia Select Technology ETF stock traded down $0.67 on Wednesday, reaching $34.88. 8,721 shares of the company’s stock were exchanged, compared to its average volume of 13,322. The company has a market capitalization of $34.88 million, a P/E ratio of -6.61 and a beta of 1.52. Columbia Select Technology ETF has a 52 week low of $26.99 and a 52 week high of $41.03. The firm’s 50-day moving average is $38.48 and its two-hundred day moving average is $34.18.

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.