Columbia Select Technology ETF (NYSEARCA:SEMI) Short Interest Up 299.8% in June

Columbia Select Technology ETF (NYSEARCA:SEMI) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 23,336 shares, a growth of 299.8% from the June 15th total of 5,837 shares. Based on an average daily trading volume, of 11,308 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.3% of the company’s stock are sold short.

Columbia Select Technology ETF Stock Performance

NYSEARCA:SEMI traded up $0.14 during trading hours on Friday, hitting $39.09. 3,127 shares of the company’s stock traded hands, compared to its average volume of 14,018. The stock’s fifty day moving average price is $38.33 and its two-hundred day moving average price is $33.64. The firm has a market cap of $39.09 million, a P/E ratio of -7.40 and a beta of 1.52. Columbia Select Technology ETF has a twelve month low of $26.99 and a twelve month high of $41.03.

Hedge Funds Weigh In On Columbia Select Technology ETF

A number of large investors have recently made changes to their positions in SEMI. Johnson Financial Group LLC purchased a new stake in shares of Columbia Select Technology ETF in the fourth quarter worth approximately $208,000. Next Level Private LLC grew its position in 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 purchasing an additional 1,200 shares in the last quarter. Cetera Investment Advisers acquired a new position in Columbia Select Technology ETF in the 4th quarter valued at approximately $445,000. Commonwealth Equity Services LLC increased its stake in Columbia Select Technology ETF by 13.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 8,447 shares of the company’s stock valued at $259,000 after buying an additional 979 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in Columbia Select Technology ETF in the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds 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.