SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) Shares Shorted: Short Interest Up 1,683.0% in October

SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 19,845 shares, a growth of 1,683.0% from the September 30th total of 1,113 shares. Based on an average daily volume of 34,597 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On SEI Enhanced U.S. Large Cap Quality Factor ETF

A number of hedge funds have recently added to or reduced their stakes in SEIQ. LexAurum Advisors LLC grew its position in SEI Enhanced U.S. Large Cap Quality Factor ETF by 78.3% in the third quarter. LexAurum Advisors LLC now owns 9,146 shares of the company’s stock worth $375,000 after acquiring an additional 4,016 shares in the last quarter. Independent Wealth Network Inc. bought a new position in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF during the 3rd quarter valued at $222,000. Envestnet Asset Management Inc. raised its holdings in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 162,828 shares of the company’s stock valued at $6,417,000 after purchasing an additional 1,986 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF by 0.9% in the 2nd quarter. NewEdge Advisors LLC now owns 31,197 shares of the company’s stock valued at $1,229,000 after purchasing an additional 279 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF in the 2nd quarter valued at $369,000.

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

Shares of SEI Enhanced U.S. Large Cap Quality Factor ETF stock traded up $0.17 during trading on Monday, hitting $42.94. 28,676 shares of the stock traded hands, compared to its average volume of 50,230. The stock has a market cap of $386.46 million, a P/E ratio of 26.58 and a beta of 0.83. SEI Enhanced U.S. Large Cap Quality Factor ETF has a twelve month low of $35.53 and a twelve month high of $43.26. The company has a fifty day moving average price of $41.83 and a two-hundred day moving average price of $40.46.

SEI Enhanced U.S. Large Cap Quality Factor ETF Company Profile

The SEI Large Cap Quality Factor ETF (SEIQ) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks it perceives as high quality, based on various quality, profitability, and risk factors. SEIQ was launched on May 18, 2022 and is managed by SEI.