SEI Select Small Cap ETF (NASDAQ:SEIS) Sees Large Decrease in Short Interest

SEI Select Small Cap ETF (NASDAQ:SEIS) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 9,950 shares, a drop of 69.1% from the September 15th total of 32,167 shares. Based on an average trading volume of 54,004 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SEI Select Small Cap ETF stock. Farther Finance Advisors LLC acquired a new stake in SEI Select Small Cap ETF (NASDAQ:SEIS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 955 shares of the company’s stock, valued at approximately $30,000.

SEI Select Small Cap ETF Stock Performance

SEI Select Small Cap ETF stock traded down $0.10 during midday trading on Monday, reaching $31.52. The stock had a trading volume of 13,410 shares, compared to its average volume of 50,855. The stock’s 50-day simple moving average is $32.35 and its 200 day simple moving average is $31.64. SEI Select Small Cap ETF has a twelve month low of $25.86 and a twelve month high of $33.76. The stock has a market capitalization of $605.28 million, a PE ratio of 17.49 and a beta of 1.17.

SEI Select Small Cap 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 issued a dividend of $0.0219 per share. This represents a $0.09 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, October 5th. This is a negative change from SEI Select Small Cap ETF’s previous quarterly dividend of $0.0245.

About SEI Select Small Cap ETF

The SEI Select Small Cap ETF (SEIS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is actively managed, seeking capital appreciation through investments in small-cap US stocks. The selection process integrates the advisers proprietary quantitative model with recommendations from one or more sub-advisers. SEIS was launched on Jul 31, 2024 and is issued by SEI.