Suncoast Select Growth ETF (NYSEARCA:SEMG) Sees Large Drop in Short Interest

Suncoast Select Growth ETF (NYSEARCA:SEMG) was the target of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 450 shares, a drop of 95.2% from the October 15th total of 9,450 shares. Based on an average daily trading volume, of 5,090 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Suncoast Select Growth ETF Stock Performance

Shares of NYSEARCA:SEMG traded down $0.12 during trading on Tuesday, hitting $27.46. 3,890 shares of the stock were exchanged, compared to its average volume of 9,289. The company has a market capitalization of $63.16 million, a price-to-earnings ratio of -23.27 and a beta of 0.85. Suncoast Select Growth ETF has a 1-year low of $23.28 and a 1-year high of $28.57. The company’s fifty day simple moving average is $27.77 and its 200-day simple moving average is $26.61.

Institutional Trading of Suncoast Select Growth ETF

A hedge fund recently raised its position in Suncoast Select Growth ETF stock. Royal Bank of Canada lifted its position in Suncoast Select Growth ETF (NYSEARCA:SEMG) by 6,542.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 176,887 shares of the company’s stock after purchasing an additional 174,224 shares during the quarter. Royal Bank of Canada owned 7.66% of Suncoast Select Growth ETF worth $4,258,000 at the end of the most recent reporting period. 95.63% of the stock is owned by hedge funds and other institutional investors.

About Suncoast Select Growth ETF

The Suncoast Select Growth ETF (SEMG) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in US large- and mid-capitalization growth companies that are deemed high-quality. The fund aims for long-term capital appreciation SEMG was launched on May 14, 2025 and is issued by Suncoast.