SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Shares Shorted: Short Interest Up 748.4% in October

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 14,975 shares, an increase of 748.4% from the September 30th total of 1,765 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 60,933 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On SEI Enhanced U.S. Large Cap Momentum Factor ETF

Hedge funds have recently bought and sold shares of the company. Sei Investments Co. boosted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.5% during the first quarter. Sei Investments Co. now owns 13,469,751 shares of the company’s stock valued at $613,549,000 after acquiring an additional 329,618 shares during the last quarter. Whipplewood Advisors LLC raised its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 556.0% in the 1st quarter. Whipplewood Advisors LLC now owns 3,070 shares of the company’s stock worth $140,000 after acquiring an additional 2,602 shares in the last quarter. K2 Financial Inc. increased its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.8% in the first quarter. K2 Financial Inc. now owns 104,952 shares of the company’s stock worth $4,781,000 after purchasing an additional 1,853 shares in the last quarter. LexAurum Advisors LLC lifted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 83.8% in the third quarter. LexAurum Advisors LLC now owns 13,859 shares of the company’s stock valued at $745,000 after buying an additional 6,320 shares during the period. Finally, Independent Wealth Network Inc. lifted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 35.2% in the third quarter. Independent Wealth Network Inc. now owns 30,395 shares of the company’s stock valued at $1,634,000 after buying an additional 7,921 shares during the period.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Price Performance

Shares of SEIM stock opened at $52.75 on Wednesday. The stock has a market capitalization of $819.21 million, a PE ratio of 29.16 and a beta of 1.09. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a one year low of $42.86 and a one year high of $56.23. The business’s 50 day simple moving average is $53.72 and its 200 day simple moving average is $51.45.

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

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.