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

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

Columbia Select Technology ETF Price Performance

Shares of NYSEARCA SEMI traded up $0.26 during mid-day trading on Friday, hitting $39.92. 3,634 shares of the company’s stock traded hands, compared to its average volume of 12,558. The company’s 50-day moving average is $38.06 and its two-hundred day moving average is $36.33. The company has a market capitalization of $43.91 million, a P/E ratio of -7.56 and a beta of 1.53. Columbia Select Technology ETF has a 1 year low of $27.41 and a 1 year high of $41.03.

Institutional Investors Weigh In On Columbia Select Technology ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers lifted its stake in Columbia Select Technology ETF by 336.5% in the first quarter. Cetera Investment Advisers now owns 63,474 shares of the company’s stock worth $1,833,000 after purchasing an additional 48,933 shares during the last quarter. Next Level Private LLC grew its stake 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 grew its stake 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 shares of Columbia Select Technology ETF in the fourth quarter worth approximately $208,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of Columbia Select Technology ETF in the second quarter worth approximately $239,000. Hedge funds and other institutional investors own 62.97% of the company’s stock.

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.