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

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 2,614 shares, a decline of 89.3% from the June 15th total of 24,398 shares. Based on an average daily volume of 103,940 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

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

Shares of BATS SEIM traded up $0.26 during trading on Friday, hitting $54.93. 62,620 shares of the company traded hands, compared to its average volume of 79,026. The firm has a market capitalization of $853.06 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. The business’s fifty day moving average is $53.71 and its 200 day moving average is $49.75. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a fifty-two week low of $40.90 and a fifty-two week high of $56.23.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% in the fourth 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 during the period. Royal Bank of Canada increased its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 58.3% during the first quarter. Royal Bank of Canada now owns 9,440 shares of the company’s stock valued at $340,000 after acquiring an additional 3,476 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.8% during the second quarter. NewEdge Advisors LLC now owns 43,268 shares of the company’s stock worth $1,824,000 after purchasing an additional 765 shares during the period. Binnacle Investments Inc raised its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 66.2% during the second quarter. Binnacle Investments Inc now owns 6,357 shares of the company’s stock worth $268,000 after purchasing an additional 2,533 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 22.5% in the 3rd quarter. Sei Investments Co. now owns 13,151,647 shares of the company’s stock worth $597,089,000 after purchasing an additional 2,415,116 shares in the last quarter.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Company Profile

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.