Columbia Select Technology ETF (NYSEARCA:SEMI) Stock Short Interest Declines 77.0%

Columbia Select Technology ETF (NYSEARCA:SEMI) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 4,796 shares, a decrease of 77.0% from the August 31st total of 20,884 shares. Based on an average daily trading volume, of 5,719 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.4% of the shares of the company are sold short.

Columbia Select Technology ETF Price Performance

Shares of SEMI stock traded up $0.26 during trading hours on Friday, reaching $39.92. 3,634 shares of the company traded hands, compared to its average volume of 12,558. The firm has a 50-day moving average price of $38.06 and a 200 day moving average price of $36.33. The company has a market cap of $43.91 million, a P/E ratio of -7.56 and a beta of 1.53. Columbia Select Technology ETF has a 12-month low of $27.41 and a 12-month high of $41.03.

Institutional Trading of Columbia Select Technology ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers boosted its holdings 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 buying an additional 48,933 shares during the period. Next Level Private LLC raised its position in shares of Columbia Select Technology ETF by 7.0% during the first quarter. Next Level Private LLC now owns 18,365 shares of the company’s stock valued at $530,000 after buying an additional 1,200 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of Columbia Select Technology ETF by 10.1% during the first quarter. Kestra Advisory Services LLC now owns 13,662 shares of the company’s stock valued at $394,000 after buying an additional 1,253 shares during the last quarter. Johnson Financial Group LLC purchased a new stake in Columbia Select Technology ETF in the 4th quarter worth $208,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Columbia Select Technology ETF in the second quarter worth about $239,000. 62.97% of the stock is owned by hedge funds and other institutional investors.

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.