Short Interest in Columbia Select Technology ETF (NYSEARCA:SEMI) Expands By 156.5%

Columbia Select Technology ETF (NYSEARCA:SEMI) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 24,485 shares, an increase of 156.5% from the July 15th total of 9,547 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily volume of 10,202 shares, the short-interest ratio is currently 2.4 days.

Columbia Select Technology ETF Stock Performance

Shares of SEMI opened at $39.41 on Friday. The company has a market cap of $39.41 million, a price-to-earnings ratio of -7.46 and a beta of 1.53. The firm has a fifty day moving average of $38.28 and a 200-day moving average of $34.74. Columbia Select Technology ETF has a 1 year low of $26.99 and a 1 year high of $41.03.

Hedge Funds Weigh In On Columbia Select Technology ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SEMI. Cetera Investment Advisers boosted its stake in Columbia Select Technology ETF by 336.5% during the 1st quarter. Cetera Investment Advisers now owns 63,474 shares of the company’s stock valued at $1,833,000 after purchasing an additional 48,933 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Columbia Select Technology ETF by 13.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,447 shares of the company’s stock valued at $259,000 after purchasing an additional 979 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Columbia Select Technology ETF during the second quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Columbia Select Technology ETF in the second quarter valued at about $41,000. Finally, Kestra Advisory Services LLC grew its position in 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 acquiring an additional 1,253 shares in the last quarter. Institutional investors own 62.97% of the company’s stock.

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.