SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Short Interest Update

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 24,398 shares, a growth of 2,843.1% from the May 31st total of 829 shares. Based on an average daily volume of 66,858 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.5% during the first quarter. Sei Investments Co. now owns 13,469,751 shares of the company’s stock valued at $613,549,000 after acquiring an additional 329,618 shares during the period. Summit Wealth Group LLC Co. acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 4th quarter valued at about $88,433,000. Osaic Holdings Inc. lifted its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1,140.6% in the 4th quarter. Osaic Holdings Inc. now owns 465,700 shares of the company’s stock valued at $21,483,000 after purchasing an additional 428,161 shares in the last quarter. Yeomans Consulting Group Inc. purchased a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter worth about $16,950,000. Finally, FSA Advisors Inc. purchased a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter worth about $5,296,000.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Down 1.7%

Shares of SEIM opened at $54.35 on Friday. The firm has a market cap of $844.06 million, a PE ratio of 29.16 and a beta of 1.09. The company’s fifty day moving average is $52.87 and its two-hundred day moving average is $49.13. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a fifty-two week low of $40.90 and a fifty-two week high of $55.73.

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.