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) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 829 shares, a growth of 1,119.1% from the May 14th total of 68 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 87,566 shares, the days-to-cover ratio is presently 0.0 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Assetmark Inc. increased its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 23.2% in the third 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. LPL Financial LLC increased its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.3% in the fourth quarter. LPL Financial LLC now owns 17,407 shares of the company’s stock valued at $803,000 after buying an additional 388 shares in the last quarter. Stewardship Advisors LLC increased its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.4% in the fourth quarter. Stewardship Advisors LLC now owns 20,958 shares of the company’s stock valued at $967,000 after buying an additional 500 shares in the last quarter. Binnacle Investments Inc increased its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 8.2% in the third quarter. Binnacle Investments Inc now owns 6,876 shares of the company’s stock valued at $312,000 after buying an additional 519 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 5.4% in the first quarter. Royal Bank of Canada now owns 10,422 shares of the company’s stock valued at $475,000 after buying an additional 537 shares in the last quarter.

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

SEI Enhanced U.S. Large Cap Momentum Factor ETF stock opened at $52.00 on Thursday. The stock has a market capitalization of $807.56 million, a PE ratio of 29.16 and a beta of 1.09. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 12 month low of $39.95 and a 12 month high of $55.04. The business has a 50 day simple moving average of $51.18 and a 200-day simple moving average of $48.36.

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.