SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Short Interest Up 1,119.1% in May

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 829 shares, an increase of 1,119.1% from the May 14th total of 68 shares. Based on an average trading volume of 87,566 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

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

A number of institutional investors and hedge funds have recently bought and sold shares of SEIM. Bank of America Corp DE increased its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% during the 4th quarter. Bank of America Corp DE now owns 1,260 shares of the company’s stock worth $49,000 after purchasing an additional 816 shares in the last quarter. Royal Bank of Canada increased its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 58.3% during the 1st quarter. Royal Bank of Canada now owns 9,440 shares of the company’s stock worth $340,000 after purchasing an additional 3,476 shares in the last quarter. NewEdge Advisors LLC increased its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.8% during the 2nd quarter. NewEdge Advisors LLC now owns 43,268 shares of the company’s stock worth $1,824,000 after purchasing an additional 765 shares in the last quarter. Binnacle Investments Inc increased its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 66.2% during the 2nd quarter. Binnacle Investments Inc now owns 6,357 shares of the company’s stock worth $268,000 after purchasing an additional 2,533 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 268,953 shares of the company’s stock worth $12,210,000 after purchasing an additional 36,097 shares in the last quarter.

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

SEIM traded down $0.01 on Tuesday, reaching $53.12. 85,633 shares of the company’s stock were exchanged, compared to its average volume of 77,913. The company’s 50 day moving average is $50.85 and its 200-day moving average is $48.23. The company has a market cap of $824.95 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a twelve month low of $39.95 and a twelve month high of $55.04.

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.