SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Shares Shorted: Short Interest Down 96.0% in September

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 1,765 shares, a drop of 96.0% from the September 15th total of 44,596 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 72,061 shares, the short-interest ratio is presently 0.0 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 3rd quarter valued at about $34,000. Continuum Advisory LLC bought a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 2nd quarter worth approximately $132,000. Meriwether Wealth & Planning LLC lifted its holdings 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 purchasing an additional 7,495 shares during the last quarter. NewEdge Advisors LLC boosted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.4% during the 1st quarter. NewEdge Advisors LLC now owns 51,900 shares of the company’s stock valued at $2,364,000 after purchasing an additional 1,211 shares during the period. Finally, Royal Bank of Canada boosted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 5.4% during the 1st quarter. Royal Bank of Canada now owns 10,422 shares of the company’s stock valued at $475,000 after purchasing an additional 537 shares during the period.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Up 1.1%

Shares of SEIM stock traded up $0.62 on Friday, reaching $55.20. 57,849 shares of the stock were exchanged, compared to its average volume of 85,418. The stock has a market cap of $857.26 million, a P/E ratio of 29.16 and a beta of 1.09. The firm has a 50 day moving average of $54.18 and a two-hundred day moving average of $52.73. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 1-year low of $42.86 and a 1-year high of $56.23.

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.