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) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 28,201 shares, a growth of 304.6% from the August 31st total of 6,970 shares. Based on an average daily volume of 33,228 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the company’s shares are sold short.

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

Shares of BATS SEIQ opened at $41.35 on Friday. The company has a 50-day simple moving average of $41.54 and a 200-day simple moving average of $39.71. The company has a market cap of $372.15 million, a PE ratio of 26.58 and a beta of 0.83. SEI Enhanced U.S. Large Cap Quality Factor ETF has a 12 month low of $35.53 and a 12 month high of $42.72.

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

Several institutional investors have recently added to or reduced their stakes in SEIQ. Envestnet Asset Management Inc. grew its holdings in SEI Enhanced U.S. Large Cap Quality Factor ETF by 1.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 162,828 shares of the company’s stock valued at $6,417,000 after buying an additional 1,986 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF by 0.9% during the 2nd quarter. NewEdge Advisors LLC now owns 31,197 shares of the company’s stock worth $1,229,000 after acquiring an additional 279 shares during the period. Citadel Advisors LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF in the second quarter worth approximately $369,000. K2 Financial Inc. grew its holdings 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 valued at $2,693,000 after purchasing an additional 2,743 shares during the period. Finally, Continuum Advisory LLC purchased a new stake in SEI Enhanced U.S. Large Cap Quality Factor ETF in the second quarter valued at approximately $63,000.

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.