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

Columbia Select Technology ETF (NYSEARCA:SEMI) saw a significant growth in short interest in 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 presently 2.1 days. Currently, 2.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers grew its stake in shares of Columbia Select Technology ETF by 336.5% during the 1st quarter. Cetera Investment Advisers now owns 63,474 shares of the company’s stock worth $1,833,000 after acquiring an additional 48,933 shares in the last quarter. Next Level Private LLC lifted its position in shares of Columbia Select Technology ETF by 7.0% in the first quarter. Next Level Private LLC now owns 18,365 shares of the company’s stock worth $530,000 after purchasing an additional 1,200 shares in the last quarter. Kestra Advisory Services LLC lifted its position 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 purchasing an additional 1,253 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Columbia Select Technology ETF during the second quarter worth $239,000. Finally, Johnson Financial Group LLC acquired a new position in Columbia Select Technology ETF during the fourth quarter worth $208,000. 62.97% of the stock is owned by institutional investors and hedge funds.

Columbia Select Technology ETF Stock Down 0.5%

SEMI traded down $0.20 during trading on Tuesday, hitting $37.12. The company had a trading volume of 4,047 shares, compared to its average volume of 12,501. The company has a market capitalization of $37.12 million, a PE ratio of -7.03 and a beta of 1.53. Columbia Select Technology ETF has a one year low of $27.41 and a one year high of $41.03. The firm’s 50-day moving average price is $37.94 and its 200 day moving average price is $35.85.

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.