Columbia Select Technology ETF (NYSEARCA:SEMI) Short Interest Up 161.5% in April

Columbia Select Technology ETF (NYSEARCA:SEMI) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 13,537 shares, an increase of 161.5% from the April 15th total of 5,176 shares. Based on an average daily trading volume, of 8,554 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.1% of the shares of the company are short sold.

Institutional Trading of Columbia Select Technology ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in Columbia Select Technology ETF in the 2nd quarter worth approximately $34,000. Ascentis Independent Advisors purchased a new stake in Columbia Select Technology ETF in the 1st quarter worth approximately $36,000. Harbour Investments Inc. grew its stake 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 during the period. Johnson Financial Group LLC purchased a new stake in Columbia Select Technology ETF in the 4th quarter worth approximately $208,000. Finally, JFG Wealth Management LLC purchased a new stake in Columbia Select Technology ETF in the 3rd quarter worth approximately $213,000. 62.97% of the stock is owned by hedge funds and other institutional investors.

Columbia Select Technology ETF Stock Down 2.2%

Shares of SEMI traded down $0.83 during mid-day trading on Friday, reaching $37.35. 11,462 shares of the company’s stock were exchanged, compared to its average volume of 12,200. The company has a 50-day simple moving average of $32.29 and a two-hundred day simple moving average of $31.74. Columbia Select Technology ETF has a 52-week low of $24.52 and a 52-week high of $38.26. The company has a market cap of $44.82 million, a price-to-earnings ratio of -7.07 and a beta of 1.51.

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.