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

SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 14,536 shares, a drop of 42.5% from the June 15th total of 25,270 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 59,065 shares, the short-interest ratio is presently 0.2 days.

SEI Select Emerging Markets Equity ETF Price Performance

Shares of SEEM stock traded down $0.75 during mid-day trading on Thursday, hitting $37.69. The company had a trading volume of 26,566 shares, compared to its average volume of 68,042. The stock’s 50 day moving average price is $39.20 and its 200-day moving average price is $35.94. SEI Select Emerging Markets Equity ETF has a 52-week low of $27.31 and a 52-week high of $41.79. The company has a market capitalization of $596.26 million, a P/E ratio of 11.47 and a beta of 0.76.

SEI Select Emerging Markets Equity ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, July 6th were paid a $0.2911 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.16 annualized dividend and a yield of 3.1%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Binnacle Investments Inc grew its holdings in SEI Select Emerging Markets Equity ETF by 2.8% during the 2nd quarter. Binnacle Investments Inc now owns 17,289 shares of the company’s stock valued at $476,000 after buying an additional 466 shares in the last quarter. Stewardship Advisors LLC grew its holdings in shares of SEI Select Emerging Markets Equity ETF by 5.8% in the fourth quarter. Stewardship Advisors LLC now owns 8,867 shares of the company’s stock valued at $276,000 after purchasing an additional 483 shares in the last quarter. Apella Capital LLC increased its position in SEI Select Emerging Markets Equity ETF by 1.7% in the fourth quarter. Apella Capital LLC now owns 52,848 shares of the company’s stock worth $1,645,000 after purchasing an additional 886 shares during the last quarter. United Advisor Group LLC raised its stake in SEI Select Emerging Markets Equity ETF by 21.8% during the fourth quarter. United Advisor Group LLC now owns 8,106 shares of the company’s stock valued at $252,000 after purchasing an additional 1,451 shares in the last quarter. Finally, Diversified Enterprises LLC lifted its position in SEI Select Emerging Markets Equity ETF by 13.0% during the fourth quarter. Diversified Enterprises LLC now owns 13,092 shares of the company’s stock valued at $407,000 after purchasing an additional 1,511 shares during the last quarter.

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.