Columbia Select Technology ETF (NYSEARCA:SEMI) Short Interest Update

Columbia Select Technology ETF (NYSEARCA:SEMIGet Free Report) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 9,547 shares, a drop of 59.1% from the June 30th total of 23,336 shares. Based on an average daily volume of 9,455 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Columbia Select Technology ETF in the 2nd quarter valued at approximately $41,000. Cetera Investment Advisers raised its stake in Columbia Select Technology ETF by 336.5% during the 1st quarter. Cetera Investment Advisers now owns 63,474 shares of the company’s stock valued at $1,833,000 after purchasing an additional 48,933 shares during the period. 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. Ascentis Independent Advisors purchased a new stake in shares of Columbia Select Technology ETF in the first quarter valued at $36,000. Finally, Next Level Private LLC lifted its holdings in shares of Columbia Select Technology ETF by 7.0% in 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. 62.97% of the stock is owned by hedge funds and other institutional investors.

Columbia Select Technology ETF Stock Performance

SEMI traded down $0.70 during trading on Tuesday, reaching $35.55. The company had a trading volume of 8,005 shares, compared to its average volume of 13,355. The firm’s 50-day simple moving average is $38.48 and its 200 day simple moving average is $34.18. The company has a market cap of $35.55 million, a price-to-earnings ratio of -6.73 and a beta of 1.52. Columbia Select Technology ETF has a 12-month low of $26.99 and a 12-month high of $41.03.

About Columbia Select Technology ETF

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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.

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