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

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 68 shares, a drop of 99.8% from the April 30th total of 28,918 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 68,981 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Morton Brown Family Wealth LLC bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter valued at $44,000. Kestra Advisory Services LLC bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter valued at $50,000. Bank of America Corp DE raised its holdings 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 purchasing an additional 816 shares in the last quarter. Assetmark Inc. raised its holdings 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 purchasing an additional 284 shares in the last quarter. Finally, Turning Point Benefit Group Inc. bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 3rd quarter valued at $87,000.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Up 0.4%

SEI Enhanced U.S. Large Cap Momentum Factor ETF stock opened at $53.90 on Friday. The company has a market capitalization of $837.07 million, a P/E ratio of 29.16 and a beta of 1.09. The firm’s fifty day simple moving average is $49.73 and its 200-day simple moving average is $47.79. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 1-year low of $39.28 and a 1-year high of $54.04.

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.