SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) Short Interest Down 40.3% in July

SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 8,427 shares, a drop of 40.3% from the July 15th total of 14,117 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 51,988 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On SEI Enhanced U.S. Large Cap Quality Factor ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Turning Point Benefit Group Inc. purchased a new position in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF in the third quarter worth $39,000. Larson Financial Group LLC purchased a new position in SEI Enhanced U.S. Large Cap Quality Factor ETF during the third quarter valued at $48,000. Whipplewood Advisors LLC grew its stake in SEI Enhanced U.S. Large Cap Quality Factor ETF by 120.7% during the first quarter. Whipplewood Advisors LLC now owns 2,911 shares of the company’s stock valued at $106,000 after acquiring an additional 1,592 shares in the last quarter. Binnacle Investments Inc increased its holdings in SEI Enhanced U.S. Large Cap Quality Factor ETF by 60.1% in the 2nd quarter. Binnacle Investments Inc now owns 3,403 shares of the company’s stock valued at $127,000 after acquiring an additional 1,277 shares during the last quarter. Finally, Stewardship Advisors LLC increased its holdings in SEI Enhanced U.S. Large Cap Quality Factor ETF by 9.9% in the 1st quarter. Stewardship Advisors LLC now owns 13,222 shares of the company’s stock valued at $481,000 after acquiring an additional 1,190 shares during the last quarter.

SEI Enhanced U.S. Large Cap Quality Factor ETF Trading Up 0.6%

Shares of SEIQ opened at $41.63 on Wednesday. The business’s 50 day moving average is $40.44 and its 200 day moving average is $39.12. The company has a market capitalization of $374.67 million, a PE ratio of 26.58 and a beta of 0.83. SEI Enhanced U.S. Large Cap Quality Factor ETF has a 12-month low of $35.53 and a 12-month high of $42.59.

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

The SEI Large Cap Quality Factor ETF (SEIQ) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks it perceives as high quality, based on various quality, profitability, and risk factors. SEIQ was launched on May 18, 2022 and is managed by SEI.