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

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 68 shares, a decrease of 99.8% from the April 30th total of 28,918 shares. Based on an average daily volume of 68,981 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Down 0.4%

BATS SEIM traded down $0.20 during trading hours on Wednesday, hitting $53.69. 39,389 shares of the company were exchanged, compared to its average volume of 76,283. The company has a 50 day moving average of $49.44 and a two-hundred day moving average of $47.67. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 52-week low of $39.28 and a 52-week high of $53.94. The firm has a market cap of $833.81 million, a price-to-earnings ratio of 29.16 and a beta of 1.09.

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

Several large investors have recently bought and sold shares of SEIM. Morton Brown Family Wealth LLC purchased a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter worth about $44,000. Bank of America Corp DE increased its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% during the 4th quarter. Bank of America Corp DE now owns 1,260 shares of the company’s stock worth $49,000 after purchasing an additional 816 shares during the period. Kestra Advisory Services LLC purchased a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter worth about $50,000. Assetmark Inc. increased its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 23.2% during the 3rd quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock worth $68,000 after purchasing an additional 284 shares during the period. Finally, Turning Point Benefit Group Inc. purchased a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 3rd quarter worth about $87,000.

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.