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

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 28,918 shares, a decline of 39.1% from the April 15th total of 47,494 shares. Based on an average daily volume of 80,201 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of SEI Enhanced U.S. Large Cap Momentum Factor ETF

A number of hedge funds have recently bought and sold shares of the company. Sei Investments Co. increased 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. Summit Wealth Group LLC Co. purchased a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter valued at $88,433,000. Osaic Holdings Inc. increased its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1,140.6% during the fourth quarter. Osaic Holdings Inc. now owns 465,700 shares of the company’s stock valued at $21,483,000 after acquiring an additional 428,161 shares during the last quarter. Yeomans Consulting Group Inc. purchased a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter valued at $16,950,000. Finally, Envestnet Asset Management Inc. increased its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.5% during the third quarter. Envestnet Asset Management Inc. now owns 268,953 shares of the company’s stock valued at $12,210,000 after acquiring an additional 36,097 shares during the last quarter.

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

SEIM stock opened at $52.04 on Monday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 1-year low of $38.55 and a 1-year high of $53.04. The business has a fifty day moving average price of $48.64 and a 200-day moving average price of $47.36. The stock has a market capitalization of $808.18 million, a P/E ratio of 29.16 and a beta of 1.09.

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.