SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) Sees Significant Growth in Short Interest

SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 14,117 shares, an increase of 149.4% from the June 30th total of 5,660 shares. Based on an average daily volume of 100,258 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s stock are sold short.

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

Several hedge funds have recently made changes to their positions in the company. Sei Investments Co. increased its holdings in SEI Enhanced U.S. Large Cap Quality Factor ETF by 8.1% in the 1st quarter. Sei Investments Co. now owns 8,212,136 shares of the company’s stock worth $299,006,000 after buying an additional 613,643 shares during the period. Summit Wealth Group LLC Co. purchased a new stake in SEI Enhanced U.S. Large Cap Quality Factor ETF in the fourth quarter valued at $44,117,000. Osaic Holdings Inc. boosted its holdings in SEI Enhanced U.S. Large Cap Quality Factor ETF by 1,036.5% in the fourth quarter. Osaic Holdings Inc. now owns 266,784 shares of the company’s stock valued at $10,386,000 after purchasing an additional 243,310 shares during the last quarter. Beacon Pointe Advisors LLC grew its position in SEI Enhanced U.S. Large Cap Quality Factor ETF by 0.8% during the 4th quarter. Beacon Pointe Advisors LLC now owns 140,376 shares of the company’s stock worth $5,465,000 after purchasing an additional 1,146 shares during the period. Finally, Meriwether Wealth & Planning LLC grew its position in SEI Enhanced U.S. Large Cap Quality Factor ETF by 6.0% during the 4th quarter. Meriwether Wealth & Planning LLC now owns 120,665 shares of the company’s stock worth $4,697,000 after purchasing an additional 6,864 shares during the period.

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

SEIQ traded up $0.86 during trading on Wednesday, hitting $41.44. The stock had a trading volume of 10,548 shares, compared to its average volume of 52,070. The stock has a 50 day simple moving average of $39.88 and a two-hundred day simple moving average of $38.81. SEI Enhanced U.S. Large Cap Quality Factor ETF has a twelve month low of $35.53 and a twelve month high of $41.47. The company has a market capitalization of $372.96 million, a PE ratio of 26.58 and a beta of 0.83.

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

The SEI Large Cap Quality Factor ETF (SEIQ) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks it perceives as high quality, based on various quality, profitability, and risk factors. SEIQ was launched on May 18, 2022 and is managed by SEI.