SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Shares Shorted: Short Interest Down 96.0% in September

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 1,765 shares, a decline of 96.0% from the September 15th total of 44,596 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 72,061 shares, the days-to-cover ratio is presently 0.0 days.

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

SEI Enhanced U.S. Large Cap Momentum Factor ETF stock traded up $0.62 during trading on Friday, reaching $55.20. 57,849 shares of the company were exchanged, compared to its average volume of 85,418. The stock’s 50 day simple moving average is $54.18 and its two-hundred day simple moving average is $52.73. The company has a market capitalization of $857.26 million, a P/E ratio of 29.16 and a beta of 1.09. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 52-week low of $42.86 and a 52-week high of $56.23.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the third quarter valued at approximately $34,000. Silver Grove Financial Group Inc. purchased a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter worth about $108,000. Continuum Advisory LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 2nd quarter valued at approximately $132,000. Whipplewood Advisors LLC boosted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 556.0% during the 1st quarter. Whipplewood Advisors LLC now owns 3,070 shares of the company’s stock worth $140,000 after purchasing an additional 2,602 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 5.4% in the 1st 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 in the last quarter.

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.