Columbia Select Technology ETF (NYSEARCA:SEMI) Sees Significant Increase in Short Interest

Columbia Select Technology ETF (NYSEARCA:SEMI) saw 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. Based on an average daily volume of 10,202 shares, the short-interest ratio is presently 2.4 days. Currently, 2.4% of the company’s stock are short sold.

Columbia Select Technology ETF Trading Down 0.5%

Shares of SEMI opened at $39.22 on Friday. The firm has a market capitalization of $39.22 million, a price-to-earnings ratio of -7.43 and a beta of 1.53. The firm’s fifty day simple moving average is $38.31 and its 200-day simple moving average is $34.78. Columbia Select Technology ETF has a twelve month low of $26.99 and a twelve month high of $41.03.

Institutional Trading of Columbia Select Technology ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SEMI. JPMorgan Chase & Co. acquired a new position in shares of Columbia Select Technology ETF during the 2nd quarter worth about $34,000. Ascentis Independent Advisors acquired a new stake in shares of Columbia Select Technology ETF during the 1st quarter worth about $36,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Columbia Select Technology ETF during the 2nd quarter worth about $41,000. Harbour Investments Inc. lifted its stake in Columbia Select Technology ETF by 11.0% during the fourth quarter. Harbour Investments Inc. now owns 3,328 shares of the company’s stock worth $102,000 after purchasing an additional 330 shares during the last quarter. Finally, Johnson Financial Group LLC purchased a new stake in Columbia Select Technology ETF during the fourth quarter worth approximately $208,000. 62.97% of the stock is currently owned by institutional investors and hedge funds.

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.