Short Interest in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Increases By 2,843.1%

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 24,398 shares, an increase of 2,843.1% from the May 31st total of 829 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 66,858 shares, the short-interest ratio is presently 0.4 days.

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

SEI Enhanced U.S. Large Cap Momentum Factor ETF stock traded up $0.79 during trading hours on Thursday, hitting $55.27. 71,096 shares of the stock were exchanged, compared to its average volume of 78,277. The stock has a market capitalization of $858.34 million, a P/E ratio of 29.16 and a beta of 1.09. The business’s 50-day moving average is $52.67 and its two-hundred day moving average is $49.03. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 12 month low of $40.90 and a 12 month high of $55.73.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of SEIM. NewEdge Advisors LLC boosted its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.4% in the 1st quarter. NewEdge Advisors LLC now owns 51,900 shares of the company’s stock valued at $2,364,000 after purchasing an additional 1,211 shares during the last quarter. Royal Bank of Canada increased its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 5.4% in the first quarter. Royal Bank of Canada now owns 10,422 shares of the company’s stock valued at $475,000 after purchasing an additional 537 shares during the last quarter. Sei Investments Co. increased its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.5% in the first quarter. Sei Investments Co. now owns 13,469,751 shares of the company’s stock valued at $613,549,000 after purchasing an additional 329,618 shares during the last quarter. Cetera Investment Advisers lifted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 6.3% in the first quarter. Cetera Investment Advisers now owns 20,243 shares of the company’s stock valued at $922,000 after buying an additional 1,206 shares during the period. Finally, Whipplewood Advisors LLC lifted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 556.0% in the first quarter. Whipplewood Advisors LLC now owns 3,070 shares of the company’s stock valued at $140,000 after buying an additional 2,602 shares during the period.

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.