SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Short Interest Down 89.3% in June

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 2,614 shares, a drop of 89.3% from the June 15th total of 24,398 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 103,940 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On SEI Enhanced U.S. Large Cap Momentum Factor ETF

Several institutional investors have recently modified their holdings of SEIM. Sei Investments Co. lifted its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.5% in the 1st quarter. Sei Investments Co. now owns 13,469,751 shares of the company’s stock worth $613,549,000 after purchasing an additional 329,618 shares during the period. Summit Wealth Group LLC Co. bought a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter worth approximately $88,433,000. Osaic Holdings Inc. raised its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1,140.6% in the fourth quarter. Osaic Holdings Inc. now owns 465,700 shares of the company’s stock worth $21,483,000 after acquiring an additional 428,161 shares during the period. Yeomans Consulting Group Inc. purchased a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter worth $16,950,000. Finally, FSA Advisors Inc. purchased a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter worth $5,296,000.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Up 0.5%

SEIM traded up $0.26 during trading on Friday, hitting $54.93. 62,620 shares of the company’s stock traded hands, compared to its average volume of 79,026. The company’s 50 day simple moving average is $53.61 and its two-hundred day simple moving average is $49.71. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 12-month low of $40.90 and a 12-month high of $56.23. The stock has a market capitalization of $853.06 million, a price-to-earnings 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.