Short Interest in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Declines By 39.1%

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

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

Shares of BATS:SEIM opened at $52.04 on Friday. The stock has a market capitalization of $808.18 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. The stock’s 50-day simple moving average is $48.64 and its two-hundred day simple moving average is $47.35. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 52-week low of $38.55 and a 52-week high of $53.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SEIM. Morton Brown Family Wealth LLC purchased a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter worth about $44,000. Bank of America Corp DE lifted its position in shares of 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 valued at $49,000 after buying an additional 816 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter valued at about $50,000. Assetmark Inc. lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 23.2% during the 3rd quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock valued at $68,000 after buying an additional 284 shares in the last quarter. Finally, Turning Point Benefit Group Inc. purchased a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 3rd quarter valued at about $87,000.

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.