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

SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 738 shares, a decrease of 97.2% from the April 15th total of 26,496 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 57,907 shares, the days-to-cover ratio is presently 0.0 days.

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

Several hedge funds have recently bought and sold shares of the stock. Turning Point Benefit Group Inc. bought a new position in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF in the 3rd quarter worth $39,000. Larson Financial Group LLC bought a new stake in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF during the 3rd quarter worth $48,000. Whipplewood Advisors LLC grew its position in 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. Binnacle Investments Inc grew its position in 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. Finally, Concurrent Investment Advisors LLC bought a new position in SEI Enhanced U.S. Large Cap Quality Factor ETF in the third quarter valued at $238,000.

SEI Enhanced U.S. Large Cap Quality Factor ETF Trading Down 0.5%

Shares of SEIQ traded down $0.19 during trading hours on Monday, reaching $39.00. 19,908 shares of the company’s stock traded hands, compared to its average volume of 49,591. The stock has a market cap of $351 million, a PE ratio of 26.58 and a beta of 0.83. The firm’s 50 day simple moving average is $37.72 and its 200-day simple moving average is $38.33. SEI Enhanced U.S. Large Cap Quality Factor ETF has a 12 month low of $35.53 and a 12 month high of $41.13.

SEI Enhanced U.S. Large Cap Quality Factor ETF Company Profile

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.