SEI Select Small Cap ETF (NASDAQ:SEIS) Sees Significant Growth in Short Interest

SEI Select Small Cap ETF (NASDAQ:SEIS) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 35,090 shares, an increase of 252.7% from the September 30th total of 9,950 shares. Based on an average daily trading volume, of 43,558 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the company’s shares are short sold.

SEI Select Small Cap ETF Stock Performance

Shares of SEI Select Small Cap ETF stock traded up $0.35 on Thursday, hitting $32.24. The company had a trading volume of 29,185 shares, compared to its average volume of 50,907. SEI Select Small Cap ETF has a 1 year low of $25.86 and a 1 year high of $33.76. The stock has a market capitalization of $628.13 million, a price-to-earnings ratio of 17.49 and a beta of 1.17. The stock has a 50 day moving average of $31.89 and a 200-day moving average of $30.98.

SEI Select Small Cap ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Monday, October 5th were issued a dividend of $0.0219 per share. This is a negative change from SEI Select Small Cap ETF’s previous quarterly dividend of $0.0245. The ex-dividend date of this dividend was Monday, October 5th. This represents a $0.09 dividend on an annualized basis and a yield of 0.3%.

Hedge Funds Weigh In On SEI Select Small Cap ETF

A hedge fund recently bought a new position in SEI Select Small Cap ETF stock. Farther Finance Advisors LLC bought a new stake in shares of SEI Select Small Cap ETF (NASDAQ:SEIS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 955 shares of the company’s stock, valued at approximately $30,000.

About SEI Select Small Cap ETF

The SEI Select Small Cap ETF (SEIS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is actively managed, seeking capital appreciation through investments in small-cap US stocks. The selection process integrates the advisers proprietary quantitative model with recommendations from one or more sub-advisers. SEIS was launched on Jul 31, 2024 and is issued by SEI.