SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) Sees Significant Growth in Short Interest

SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 4,007 shares, a growth of 144.3% from the April 30th total of 1,640 shares. Based on an average daily volume of 40,778 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

SEI Select Emerging Markets Equity ETF Price Performance

Shares of SEI Select Emerging Markets Equity ETF stock opened at $39.79 on Friday. The firm has a 50 day simple moving average of $36.06 and a 200 day simple moving average of $33.90. SEI Select Emerging Markets Equity ETF has a fifty-two week low of $25.60 and a fifty-two week high of $40.03. The firm has a market cap of $587.70 million, a P/E ratio of 11.47 and a beta of 0.73.

SEI Select Emerging Markets Equity ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Monday, April 6th were paid a $0.0985 dividend. This represents a $0.39 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, April 6th.

Hedge Funds Weigh In On SEI Select Emerging Markets Equity ETF

Several large investors have recently made changes to their positions in the company. BlueChip Wealth Advisors LLC acquired a new stake in SEI Select Emerging Markets Equity ETF in the third quarter worth about $1,478,000. Merit Financial Group LLC bought a new stake in SEI Select Emerging Markets Equity ETF during the 3rd quarter worth about $825,000. 3EDGE Asset Management LP acquired a new position in SEI Select Emerging Markets Equity ETF during the 4th quarter valued at about $23,733,000. Summit Wealth Group LLC Co. bought a new position in shares of SEI Select Emerging Markets Equity ETF in the 4th quarter valued at about $24,668,000. Finally, Stark Wealth Management LLC bought a new position in shares of SEI Select Emerging Markets Equity ETF in the 4th quarter valued at about $969,000.

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.