SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) Sees Significant Increase in Short Interest

SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 25,525 shares, a growth of 85.5% from the July 15th total of 13,760 shares. Based on an average daily volume of 164,255 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morton Brown Family Wealth LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF during the fourth quarter worth $46,000. Kestra Advisory Services LLC bought a new stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF in the fourth quarter valued at about $50,000. Bank of America Corp DE grew its stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 197.5% in the fourth quarter. Bank of America Corp DE now owns 1,410 shares of the company’s stock valued at $47,000 after acquiring an additional 936 shares in the last quarter. Turning Point Benefit Group Inc. bought a new position in SEI Enhanced U.S. Large Cap Value Factor ETF during the third quarter worth about $84,000. Finally, Larson Financial Group LLC bought a new position in SEI Enhanced U.S. Large Cap Value Factor ETF during the third quarter worth about $100,000.

SEI Enhanced U.S. Large Cap Value Factor ETF Trading Up 0.3%

Shares of BATS SEIV opened at $51.42 on Friday. The firm has a market cap of $899.85 million, a P/E ratio of 13.06 and a beta of 1.03. SEI Enhanced U.S. Large Cap Value Factor ETF has a 1-year low of $36.94 and a 1-year high of $51.63. The business’s 50 day moving average is $48.69 and its 200-day moving average is $45.41.

SEI Enhanced U.S. Large Cap Value Factor ETF Company Profile

The SEI Large Cap Value Factor ETF (SEIV) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks that are perceived to be at a discount relative to their fair valuation. SEIV was launched on May 18, 2022 and is managed by SEI.