SEI Select International Equity ETF (NASDAQ:SEIE) Sees Large Increase in Short Interest

SEI Select International Equity ETF (NASDAQ:SEIE) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 96,621 shares, a growth of 1,185.4% from the October 15th total of 7,517 shares. Based on an average trading volume of 96,103 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the shares of the stock are short sold.

SEI Select International Equity ETF Trading Down 0.5%

Shares of SEIE traded down $0.17 during mid-day trading on Tuesday, reaching $35.78. The company’s stock had a trading volume of 103,793 shares, compared to its average volume of 107,153. The stock has a market cap of $1.34 billion, a PE ratio of 13.90 and a beta of 0.51. SEI Select International Equity ETF has a 52 week low of $30.20 and a 52 week high of $38.30. The company’s fifty day moving average price is $35.92 and its two-hundred day moving average price is $35.18.

SEI Select International Equity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Monday, October 5th were given a $0.1534 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, October 5th. This is a drop from SEI Select International Equity ETF’s previous quarterly dividend of $0.3615.

Institutional Trading of SEI Select International Equity ETF

Hedge funds have recently added to or reduced their stakes in the business. Summit Wealth Group LLC Co. grew its stake in shares of SEI Select International Equity ETF by 63.0% during the third quarter. Summit Wealth Group LLC Co. now owns 4,354,778 shares of the company’s stock valued at $155,858,000 after buying an additional 1,682,706 shares during the last quarter. Sei Investments Co. purchased a new position in shares of SEI Select International Equity ETF in the first quarter worth about $5,698,000. Independent Wealth Network Inc. purchased a new position in shares of SEI Select International Equity ETF in the third quarter worth about $391,000. Cetera Investment Advisers bought a new stake in shares of SEI Select International Equity ETF in the 1st quarter valued at about $222,000. Finally, Silver Grove Financial Group Inc. bought a new stake in shares of SEI Select International Equity ETF in the 3rd quarter valued at about $112,000.

SEI Select International Equity ETF Company Profile

The SEI Select International Equity ETF (SEIE) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking capital appreciation through investments in non-US companies from developed markets. The selection process integrates the advisers proprietary quantitative model with recommendations from one or more sub-advisers. SEIE was launched on Oct 10, 2024 and is issued by SEI.