SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Sees Significant Increase in Short Interest

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 44,596 shares, a growth of 454.0% from the August 31st total of 8,050 shares. Based on an average daily volume of 65,457 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the company’s stock are sold short.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Up 0.6%

Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF stock opened at $54.15 on Friday. The firm has a market cap of $840.95 million, a P/E ratio of 29.16 and a beta of 1.09. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a fifty-two week low of $42.86 and a fifty-two week high of $56.23. The business has a 50-day moving average price of $53.86 and a 200 day moving average price of $52.19.

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

Several institutional investors and hedge funds have recently made changes to their positions in SEIM. Continuum Advisory LLC acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the second quarter worth $132,000. Meriwether Wealth & Planning LLC lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.7% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 55,153 shares of the company’s stock worth $3,097,000 after buying an additional 7,495 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.4% in the 1st quarter. NewEdge Advisors LLC now owns 51,900 shares of the company’s stock worth $2,364,000 after buying an additional 1,211 shares during the last quarter. Royal Bank of Canada lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 5.4% in the 1st quarter. Royal Bank of Canada now owns 10,422 shares of the company’s stock worth $475,000 after buying an additional 537 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings 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 valued at $613,549,000 after buying an additional 329,618 shares during the period.

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.