Columbia Select Technology ETF (NYSEARCA:SEMI) Stock Short Interest Jumps 354.8%

Columbia Select Technology ETF (NYSEARCA:SEMI) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 21,812 shares, an increase of 354.8% from the September 15th total of 4,796 shares. Based on an average daily trading volume, of 11,516 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Columbia Select Technology ETF

Large investors have recently made changes to their positions in the business. Cetera Investment Advisers boosted its stake in shares of 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 acquiring an additional 48,933 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of Columbia Select Technology ETF during the second quarter worth about $239,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Columbia Select Technology ETF during the second quarter worth about $41,000. Kestra Advisory Services LLC raised its stake in Columbia Select Technology ETF by 10.1% during the 1st quarter. Kestra Advisory Services LLC now owns 13,662 shares of the company’s stock valued at $394,000 after purchasing an additional 1,253 shares during the period. Finally, Ascentis Independent Advisors bought a new stake in Columbia Select Technology ETF during the 1st quarter valued at approximately $36,000. 62.97% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Select Technology ETF Trading Up 0.5%

Columbia Select Technology ETF stock traded up $0.21 during mid-day trading on Friday, hitting $40.45. The stock had a trading volume of 3,643 shares, compared to its average volume of 12,283. Columbia Select Technology ETF has a one year low of $27.41 and a one year high of $41.50. The firm has a market capitalization of $44.49 million, a P/E ratio of -7.66 and a beta of 1.52. The firm’s 50 day moving average is $38.83 and its 200 day moving average is $37.06.

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.