Short Interest in Suncoast Select Growth ETF (NYSEARCA:SEMG) Drops By 47.0%

Suncoast Select Growth ETF (NYSEARCA:SEMGGet Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 7,247 shares, a drop of 47.0% from the April 30th total of 13,672 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 5,715 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of Suncoast Select Growth ETF

A hedge fund recently raised its stake in Suncoast Select Growth ETF stock. Royal Bank of Canada lifted its holdings in Suncoast Select Growth ETF (NYSEARCA:SEMGFree Report) by 6,542.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,887 shares of the company’s stock after buying an additional 174,224 shares during the period. Royal Bank of Canada owned about 7.66% of Suncoast Select Growth ETF worth $4,258,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Suncoast Select Growth ETF Stock Up 0.3%

Shares of Suncoast Select Growth ETF stock traded up $0.09 during midday trading on Monday, hitting $27.01. The company’s stock had a trading volume of 448 shares, compared to its average volume of 12,701. The firm has a market capitalization of $62.39 million, a P/E ratio of -22.89 and a beta of 1.08. The stock has a 50-day simple moving average of $25.61 and a 200-day simple moving average of $26.18. Suncoast Select Growth ETF has a 1-year low of $23.28 and a 1-year high of $27.79.

About Suncoast Select Growth ETF

(Get Free Report)

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.

Further Reading

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