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

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 8,050 shares, a drop of 48.8% from the August 15th total of 15,715 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 119,949 shares, the short-interest ratio is currently 0.1 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of 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 worth $475,000 after acquiring an additional 537 shares in the last quarter. Stewardship Advisors LLC lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 4.9% in the first quarter. Stewardship Advisors LLC now owns 21,986 shares of the company’s stock worth $1,001,000 after purchasing an additional 1,028 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 6.3% in the first quarter. Cetera Investment Advisers now owns 20,243 shares of the company’s stock worth $922,000 after purchasing an additional 1,206 shares in 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 first quarter. NewEdge Advisors LLC now owns 51,900 shares of the company’s stock worth $2,364,000 after purchasing an additional 1,211 shares in the last quarter. Finally, K2 Financial Inc. boosted its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.8% during the first quarter. K2 Financial Inc. now owns 104,952 shares of the company’s stock worth $4,781,000 after purchasing an additional 1,853 shares during the last quarter.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Price Performance

SEI Enhanced U.S. Large Cap Momentum Factor ETF stock opened at $52.59 on Wednesday. The firm has a market capitalization of $816.72 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. The company’s 50 day simple moving average is $53.91 and its 200 day simple moving average is $51.89. 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.

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.