SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) Sees Large Decrease in Short Interest

SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 6,970 shares, a drop of 65.0% from the August 15th total of 19,912 shares. Based on an average daily trading volume, of 87,704 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

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

SEI Enhanced U.S. Large Cap Quality Factor ETF stock opened at $41.09 on Monday. The stock’s 50 day moving average price is $41.37 and its 200 day moving average price is $39.53. The firm has a market capitalization of $369.81 million, a PE ratio of 26.58 and a beta of 0.83. SEI Enhanced U.S. Large Cap Quality Factor ETF has a one year low of $35.53 and a one year high of $42.72.

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

A number of hedge funds have recently made changes to their positions in SEIQ. Turning Point Benefit Group Inc. acquired a new stake in SEI Enhanced U.S. Large Cap Quality Factor ETF during the 3rd quarter valued at $39,000. Larson Financial Group LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF during the third quarter valued at about $48,000. Continuum Advisory LLC purchased a new stake in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF during the second quarter worth about $63,000. Whipplewood Advisors LLC lifted its stake in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF by 120.7% in the first quarter. Whipplewood Advisors LLC now owns 2,911 shares of the company’s stock worth $106,000 after acquiring an additional 1,592 shares in the last quarter. Finally, Binnacle Investments Inc lifted its stake in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF by 60.1% in the second quarter. Binnacle Investments Inc now owns 3,403 shares of the company’s stock worth $127,000 after acquiring an additional 1,277 shares in the last quarter.

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.