SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Sees Significant Drop in Short Interest

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 2,614 shares, a decline of 89.3% from the June 15th total of 24,398 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 103,940 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Sei Investments Co. grew its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 22.5% during the 3rd quarter. Sei Investments Co. now owns 13,151,647 shares of the company’s stock valued at $597,089,000 after acquiring an additional 2,415,116 shares during the period. Summit Wealth Group LLC Co. bought a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter worth approximately $88,433,000. Osaic Holdings Inc. raised its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1,140.6% during the 4th quarter. Osaic Holdings Inc. now owns 465,700 shares of the company’s stock worth $21,483,000 after acquiring an additional 428,161 shares during the period. Yeomans Consulting Group Inc. purchased a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter valued at approximately $16,950,000. Finally, FSA Advisors Inc. purchased a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter valued at approximately $5,296,000.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Up 0.5%

BATS:SEIM traded up $0.26 during mid-day trading on Friday, hitting $54.93. 62,620 shares of the company traded hands, compared to its average volume of 79,026. The stock’s fifty day moving average price is $53.61 and its 200-day moving average price is $49.71. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a one year low of $40.90 and a one year high of $56.23. The firm has a market cap of $853.06 million, a price-to-earnings ratio of 29.16 and a beta of 1.09.

About SEI Enhanced U.S. Large Cap Momentum Factor ETF

The SEI Large Cap Momentum Factor ETF (SEIM) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of large-cap US companies, exhibiting strong momentum. Selection is based on a quantitative model and an optimization process. SEIM was launched on May 18, 2022 and is managed by SEI.