SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) Shares Shorted: Short Interest Up 148.7% in October

SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 9,358 shares, a growth of 148.7% from the September 30th total of 3,763 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 40,771 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of SEI Select Emerging Markets Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Summit Wealth Group LLC Co. raised its position in shares of SEI Select Emerging Markets Equity ETF by 30.2% in the 3rd quarter. Summit Wealth Group LLC Co. now owns 1,378,478 shares of the company’s stock worth $53,454,000 after acquiring an additional 319,353 shares in the last quarter. Sei Investments Co. boosted its position in SEI Select Emerging Markets Equity ETF by 514.4% during the first quarter. Sei Investments Co. now owns 206,916 shares of the company’s stock valued at $6,776,000 after purchasing an additional 173,241 shares in the last quarter. Foundry Financial Group Inc. lifted its position in shares of SEI Select Emerging Markets Equity ETF by 11.0% during the third quarter. Foundry Financial Group Inc. now owns 13,253 shares of the company’s stock valued at $514,000 after buying an additional 1,309 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of SEI Select Emerging Markets Equity ETF in the 1st quarter valued at about $279,000. Finally, Citadel Advisors LLC bought a new stake in shares of SEI Select Emerging Markets Equity ETF in the 2nd quarter valued at about $264,000.

SEI Select Emerging Markets Equity ETF Price Performance

NASDAQ:SEEM opened at $35.32 on Friday. SEI Select Emerging Markets Equity ETF has a 1-year low of $29.66 and a 1-year high of $41.79. The company has a 50-day moving average of $38.41 and a 200 day moving average of $37.05. The firm has a market cap of $628.70 million, a PE ratio of 11.47 and a beta of 0.82.

SEI Select Emerging Markets Equity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Monday, October 5th were given a $0.1676 dividend. This represents a $0.67 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, October 5th. This is a drop from SEI Select Emerging Markets Equity ETF’s previous quarterly dividend of $0.2911.

About SEI Select Emerging Markets Equity ETF

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.