SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Short Interest Down 39.1% in April

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 28,918 shares, a drop of 39.1% from the April 15th total of 47,494 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 80,201 shares, the days-to-cover ratio is presently 0.4 days.

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

Several institutional investors have recently added to or reduced their stakes in SEIM. Morton Brown Family Wealth LLC bought a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 4th quarter valued at $44,000. Bank of America Corp DE lifted its position in 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 acquiring an additional 816 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 4th quarter valued at $50,000. Assetmark Inc. lifted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 23.2% in the 3rd quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock valued at $68,000 after acquiring an additional 284 shares in the last quarter. Finally, Turning Point Benefit Group Inc. bought a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 3rd quarter valued at $87,000.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Down 0.8%

Shares of BATS SEIM opened at $51.63 on Tuesday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a twelve month low of $38.55 and a twelve month high of $53.04. The stock has a market cap of $801.81 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. The company’s fifty day moving average is $48.72 and its 200-day moving average is $47.39.

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.