SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) Stock Short Interest Climbs 1,683.0%

SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 19,845 shares, a growth of 1,683.0% from the September 30th total of 1,113 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 34,597 shares, the days-to-cover ratio is presently 0.6 days.

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

A number of institutional investors have recently modified their holdings of the stock. LexAurum Advisors LLC grew its holdings in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF by 78.3% during the 3rd quarter. LexAurum Advisors LLC now owns 9,146 shares of the company’s stock valued at $375,000 after acquiring an additional 4,016 shares in the last quarter. Independent Wealth Network Inc. purchased a new stake in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF during the third quarter worth $222,000. Envestnet Asset Management Inc. raised its holdings in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF by 1.2% during the second quarter. Envestnet Asset Management Inc. now owns 162,828 shares of the company’s stock worth $6,417,000 after acquiring an additional 1,986 shares in the last quarter. NewEdge Advisors LLC boosted its position in SEI Enhanced U.S. Large Cap Quality Factor ETF by 0.9% during the second quarter. NewEdge Advisors LLC now owns 31,197 shares of the company’s stock valued at $1,229,000 after purchasing an additional 279 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in SEI Enhanced U.S. Large Cap Quality Factor ETF during the second quarter valued at $369,000.

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

Shares of SEIQ stock traded up $0.17 during trading on Monday, hitting $42.94. 28,676 shares of the company were exchanged, compared to its average volume of 50,230. The business’s 50-day simple moving average is $41.83 and its 200 day simple moving average is $40.46. SEI Enhanced U.S. Large Cap Quality Factor ETF has a twelve month low of $35.53 and a twelve month high of $43.26. The firm has a market capitalization of $386.46 million, a price-to-earnings ratio of 26.58 and a beta of 0.83.

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.