Short Interest in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Declines By 39.1%

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 28,918 shares, a decline of 39.1% from the April 15th total of 47,494 shares. Based on an average daily trading volume, of 80,201 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Down 1.8%

SEIM stock opened at $52.04 on Friday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a twelve month low of $38.55 and a twelve month high of $53.04. The stock has a market cap of $808.18 million, a P/E ratio of 29.16 and a beta of 1.09. The business’s 50-day moving average price is $48.64 and its 200-day moving average price is $47.35.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SEIM. Morton Brown Family Wealth LLC purchased a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter valued at about $44,000. Bank of America Corp DE lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% during the 4th quarter. Bank of America Corp DE now owns 1,260 shares of the company’s stock valued at $49,000 after buying an additional 816 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter valued at about $50,000. Assetmark Inc. lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 23.2% during the 3rd quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock valued at $68,000 after buying an additional 284 shares in the last quarter. Finally, Turning Point Benefit Group Inc. purchased a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 3rd quarter worth approximately $87,000.

About SEI Enhanced U.S. Large Cap Momentum Factor ETF

The SEI Large Cap Momentum Factor ETF (SEIM) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of large-cap US companies, exhibiting strong momentum. Selection is based on a quantitative model and an optimization process. SEIM was launched on May 18, 2022 and is managed by SEI.