SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) Sees Large Drop in Short Interest

SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 9,341 shares, a decline of 35.7% from the June 30th total of 14,536 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 74,944 shares, the short-interest ratio is presently 0.1 days.

SEI Select Emerging Markets Equity ETF Price Performance

Shares of NASDAQ SEEM opened at $37.36 on Friday. The stock has a fifty day moving average price of $38.98 and a 200 day moving average price of $36.36. SEI Select Emerging Markets Equity ETF has a 1-year low of $27.31 and a 1-year high of $41.79. The company has a market cap of $599.63 million, a PE ratio of 11.47 and a beta of 0.76.

SEI Select Emerging Markets Equity ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, July 6th were given a $0.2911 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.16 dividend on an annualized basis and a yield of 3.1%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SEEM. Turning Point Benefit Group Inc. purchased a new position in SEI Select Emerging Markets Equity ETF in the third quarter worth $73,000. Global Retirement Partners LLC acquired a new position in shares of SEI Select Emerging Markets Equity ETF during the 4th quarter worth $95,000. United Advisor Group LLC grew its stake in shares of SEI Select Emerging Markets Equity ETF by 21.8% during the 4th quarter. United Advisor Group LLC now owns 8,106 shares of the company’s stock worth $252,000 after purchasing an additional 1,451 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of SEI Select Emerging Markets Equity ETF in the 1st quarter valued at about $279,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of SEI Select Emerging Markets Equity ETF in the 4th quarter valued at about $301,000.

SEI Select Emerging Markets Equity ETF Company Profile

The SEI Select Emerging Markets Equity ETF (SEEM) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking capital appreciation through investments in companies from emerging markets. The selection process integrates the advisers proprietary quantitative model with recommendations from one or more sub-advisers. SEEM was launched on Oct 10, 2024 and is issued by SEI.