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 significant increase in short interest in July. As of July 31st, there was short interest totaling 7,038 shares, an increase of 174.3% from the July 15th total of 2,566 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 100,934 shares, the short-interest ratio is presently 0.1 days.

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

BATS SEIM opened at $55.63 on Friday. The stock has a market capitalization of $863.93 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 52-week low of $40.90 and a 52-week high of $56.23. The firm has a 50-day moving average price of $54.12 and a 200 day moving average price of $50.88.

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

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% in the 4th quarter. Bank of America Corp DE now owns 1,260 shares of the company’s stock valued at $49,000 after buying an additional 816 shares during the period. Royal Bank of Canada grew its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 58.3% during the first quarter. Royal Bank of Canada now owns 9,440 shares of the company’s stock worth $340,000 after acquiring an additional 3,476 shares during the period. NewEdge Advisors LLC raised its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.8% in the second quarter. NewEdge Advisors LLC now owns 43,268 shares of the company’s stock worth $1,824,000 after acquiring an additional 765 shares in the last quarter. Binnacle Investments Inc raised its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 66.2% in the second quarter. Binnacle Investments Inc now owns 6,357 shares of the company’s stock worth $268,000 after acquiring an additional 2,533 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 51.5% in the third quarter. Citadel Advisors LLC now owns 8,923 shares of the company’s stock valued at $405,000 after acquiring an additional 3,035 shares during the period.

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.