SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) Sees Large Decline in Short Interest

SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,402 shares, a drop of 65.0% from the May 14th total of 4,007 shares. Based on an average daily volume of 32,507 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

SEI Select Emerging Markets Equity ETF Stock Up 0.6%

Shares of NASDAQ SEEM traded up $0.24 during mid-day trading on Friday, hitting $39.71. 27,128 shares of the company were exchanged, compared to its average volume of 68,849. The stock has a 50 day simple moving average of $37.42 and a 200-day simple moving average of $34.50. SEI Select Emerging Markets Equity ETF has a 1-year low of $26.44 and a 1-year high of $41.22. The firm has a market cap of $586.52 million, a price-to-earnings ratio of 11.47 and a beta of 0.76.

SEI Select Emerging Markets Equity ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 7th. Investors of record on Monday, April 6th were issued a dividend of $0.0985 per share. The ex-dividend date of this dividend was Monday, April 6th. This represents a $0.39 annualized dividend and a dividend yield of 1.0%.

Institutional Investors Weigh In On SEI Select Emerging Markets Equity ETF

Several hedge funds have recently modified their holdings of the stock. Binnacle Investments Inc lifted its holdings in shares of SEI Select Emerging Markets Equity ETF by 2.8% during the second quarter. Binnacle Investments Inc now owns 17,289 shares of the company’s stock worth $476,000 after purchasing an additional 466 shares during the period. Stewardship Advisors LLC lifted its holdings in shares of SEI Select Emerging Markets Equity ETF by 5.8% during the fourth quarter. Stewardship Advisors LLC now owns 8,867 shares of the company’s stock worth $276,000 after purchasing an additional 483 shares during the period. Apella Capital LLC lifted its holdings in shares of SEI Select Emerging Markets Equity ETF by 1.7% during the fourth quarter. Apella Capital LLC now owns 52,848 shares of the company’s stock worth $1,645,000 after purchasing an additional 886 shares during the period. United Advisor Group LLC lifted its holdings in shares of SEI Select Emerging Markets Equity ETF by 21.8% during the fourth quarter. United Advisor Group LLC now owns 8,106 shares of the company’s stock worth $252,000 after purchasing an additional 1,451 shares during the period. Finally, Diversified Enterprises LLC lifted its holdings in shares of SEI Select Emerging Markets Equity ETF by 13.0% during the fourth quarter. Diversified Enterprises LLC now owns 13,092 shares of the company’s stock worth $407,000 after purchasing an additional 1,511 shares during the period.

SEI Select Emerging Markets Equity ETF Company Profile

The SEI Select Emerging Markets Equity ETF (SEEM) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking capital appreciation through investments in companies from emerging markets. The selection process integrates the advisers proprietary quantitative model with recommendations from one or more sub-advisers. SEEM was launched on Oct 10, 2024 and is issued by SEI.