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 the month of 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 company’s shares are short sold. Based on an average daily volume of 66,858 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of SEI Enhanced U.S. Large Cap Momentum Factor ETF

A number of institutional investors have recently modified their holdings of SEIM. Sei Investments Co. grew its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.5% during the first quarter. Sei Investments Co. now owns 13,469,751 shares of the company’s stock worth $613,549,000 after buying an additional 329,618 shares in the last quarter. Summit Wealth Group LLC Co. acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter worth approximately $88,433,000. Osaic Holdings Inc. grew its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1,140.6% during the 4th quarter. Osaic Holdings Inc. now owns 465,700 shares of the company’s stock worth $21,483,000 after acquiring an additional 428,161 shares in the last quarter. Yeomans Consulting Group Inc. acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter valued at approximately $16,950,000. Finally, FSA Advisors Inc. bought a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter worth $5,296,000.

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

BATS:SEIM traded up $0.79 during trading hours on Thursday, hitting $55.27. The stock had a trading volume of 71,096 shares, compared to its average volume of 78,277. The business’s 50 day moving average is $52.67 and its 200-day moving average is $49.03. The company has a market cap of $858.34 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a one year low of $40.90 and a one year high of $55.73.

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.