SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) Stock Short Interest Declines 96.1%

SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,113 shares, a decline of 96.1% from the September 15th total of 28,201 shares. Based on an average trading volume of 41,395 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

SEI Enhanced U.S. Large Cap Quality Factor ETF Stock Up 0.8%

Shares of SEI Enhanced U.S. Large Cap Quality Factor ETF stock traded up $0.35 during trading on Friday, reaching $42.20. 32,686 shares of the stock were exchanged, compared to its average volume of 50,752. The firm has a market cap of $379.80 million, a price-to-earnings ratio of 26.58 and a beta of 0.83. SEI Enhanced U.S. Large Cap Quality Factor ETF has a 1 year low of $35.53 and a 1 year high of $42.72. The stock’s fifty day moving average is $41.68 and its 200 day moving average is $39.97.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its stake in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF by 8.1% during the 1st quarter. Sei Investments Co. now owns 8,212,136 shares of the company’s stock valued at $299,006,000 after purchasing an additional 613,643 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in SEI Enhanced U.S. Large Cap Quality Factor ETF by 1.2% in the second quarter. Envestnet Asset Management Inc. now owns 162,828 shares of the company’s stock worth $6,417,000 after buying an additional 1,986 shares in the last quarter. K2 Financial Inc. raised its stake in SEI Enhanced U.S. Large Cap Quality Factor ETF by 4.3% in the second quarter. K2 Financial Inc. now owns 66,846 shares of the company’s stock worth $2,693,000 after buying an additional 2,743 shares in the last quarter. Stark Wealth Management LLC bought a new position in SEI Enhanced U.S. Large Cap Quality Factor ETF in the fourth quarter worth about $1,573,000. Finally, NewEdge Advisors LLC lifted its holdings in SEI Enhanced U.S. Large Cap Quality Factor ETF by 0.9% in the second quarter. NewEdge Advisors LLC now owns 31,197 shares of the company’s stock worth $1,229,000 after buying an additional 279 shares during the period.

About SEI Enhanced U.S. Large Cap Quality Factor ETF

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.