SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) Sees Significant Decrease in Short Interest

SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 18,671 shares, a drop of 98.1% from the August 31st total of 963,905 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 138,019 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of SEI Enhanced U.S. Large Cap Value Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Independent Wealth Network Inc. grew its stake in SEI Enhanced U.S. Large Cap Value Factor ETF by 5.0% during the 1st quarter. Independent Wealth Network Inc. now owns 5,727 shares of the company’s stock worth $238,000 after purchasing an additional 275 shares in the last quarter. K2 Financial Inc. boosted its stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 0.3% in the 1st quarter. K2 Financial Inc. now owns 116,567 shares of the company’s stock valued at $5,129,000 after buying an additional 389 shares during the period. Royal Bank of Canada boosted its stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 4.3% in the 1st quarter. Royal Bank of Canada now owns 10,086 shares of the company’s stock valued at $419,000 after buying an additional 412 shares during the period. Stewardship Advisors LLC grew its position in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 3.2% during the first quarter. Stewardship Advisors LLC now owns 24,657 shares of the company’s stock worth $1,025,000 after buying an additional 775 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 42.5% during the first quarter. Cetera Investment Advisers now owns 7,828 shares of the company’s stock worth $325,000 after buying an additional 2,336 shares during the period.

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

Shares of SEIV stock traded down $0.31 during trading on Thursday, hitting $49.50. 284,173 shares of the stock traded hands, compared to its average volume of 113,133. The firm has a market capitalization of $866.25 million, a P/E ratio of 13.06 and a beta of 1.03. SEI Enhanced U.S. Large Cap Value Factor ETF has a 52-week low of $37.70 and a 52-week high of $51.65. The firm’s fifty day moving average price is $50.19 and its 200-day moving average price is $46.98.

About SEI Enhanced U.S. Large Cap Value Factor ETF

The SEI Large Cap Value Factor ETF (SEIV) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks that are perceived to be at a discount relative to their fair valuation. SEIV was launched on May 18, 2022 and is managed by SEI.