SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM – Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 9,358 shares, an increase of 148.7% from the September 30th total of 3,763 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 40,771 shares, the days-to-cover ratio is currently 0.2 days.
SEI Select Emerging Markets Equity ETF Trading Down 3.0%
Shares of SEI Select Emerging Markets Equity ETF stock opened at $35.63 on Friday. The firm has a market capitalization of $634.29 million, a PE ratio of 11.47 and a beta of 0.82. SEI Select Emerging Markets Equity ETF has a 1 year low of $29.66 and a 1 year high of $41.79. The firm’s 50 day moving average is $38.48 and its 200 day moving average is $37.04.
SEI Select Emerging Markets Equity ETF Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Monday, October 5th were given a dividend of $0.1676 per share. This is a drop from SEI Select Emerging Markets Equity ETF’s previous quarterly dividend of $0.2911. This represents a $0.67 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, October 5th.
Institutional Trading of SEI Select Emerging Markets Equity ETF
Several institutional investors have recently added to or reduced their stakes in SEEM. Summit Wealth Group LLC Co. lifted its holdings in shares of SEI Select Emerging Markets Equity ETF by 30.2% during the 3rd quarter. Summit Wealth Group LLC Co. now owns 1,378,478 shares of the company’s stock valued at $53,454,000 after buying an additional 319,353 shares during the period. Sei Investments Co. lifted its holdings in shares of SEI Select Emerging Markets Equity ETF by 514.4% in the first quarter. Sei Investments Co. now owns 206,916 shares of the company’s stock worth $6,776,000 after buying an additional 173,241 shares in the last quarter. Foundry Financial Group Inc. lifted its position in shares of SEI Select Emerging Markets Equity ETF by 11.0% in the third quarter. Foundry Financial Group Inc. now owns 13,253 shares of the company’s stock worth $514,000 after buying an additional 1,309 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of SEI Select Emerging Markets Equity ETF in the 1st quarter worth $279,000. Finally, Citadel Advisors LLC purchased a new position in shares of SEI Select Emerging Markets Equity ETF in the 2nd quarter worth approximately $264,000.
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.
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