SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) Shares Shorted: Short Interest Down 70.6% in October

SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) saw a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 20,580 shares, a decrease of 70.6% from the October 15th total of 70,042 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 137,561 shares, the days-to-cover ratio is presently 0.1 days.

SEI Enhanced U.S. Large Cap Value Factor ETF Stock Performance

BATS:SEIV traded up $0.03 during mid-day trading on Friday, hitting $49.55. The stock had a trading volume of 60,213 shares, compared to its average volume of 114,407. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 12.80 and a beta of 0.98. SEI Enhanced U.S. Large Cap Value Factor ETF has a twelve month low of $38.51 and a twelve month high of $51.65. The company’s 50 day simple moving average is $49.90 and its 200 day simple moving average is $46.94.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SEIV. Sei Investments Co. increased its position in SEI Enhanced U.S. Large Cap Value Factor ETF by 1.2% during the 1st quarter. Sei Investments Co. now owns 14,939,112 shares of the company’s stock worth $620,870,000 after buying an additional 184,033 shares during the period. Summit Wealth Group LLC Co. grew its holdings in SEI Enhanced U.S. Large Cap Value Factor ETF by 6.1% during the 3rd quarter. Summit Wealth Group LLC Co. now owns 3,219,245 shares of the company’s stock worth $158,033,000 after acquiring an additional 186,092 shares during the last quarter. StoneCrest Wealth Management Inc. bought a new stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF in the second quarter worth $9,646,000. Fig Financial Advisory Services Inc. ADV bought a new stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF in the 3rd quarter valued at about $3,003,000. Finally, Sonoma Allocations LLC bought a new stake in SEI Enhanced U.S. Large Cap Value Factor ETF in the first quarter valued at approximately $636,000.

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

The SEI Large Cap Value Factor ETF (SEIV) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks that are perceived to be at a discount relative to their fair valuation. SEIV was launched on May 18, 2022 and is managed by SEI.