SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Sees Large Increase in Short Interest

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 14,975 shares, a growth of 748.4% from the September 30th total of 1,765 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 60,933 shares, the short-interest ratio is presently 0.2 days.

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

Shares of BATS SEIM opened at $52.99 on Thursday. The company has a market cap of $822.93 million, a PE ratio of 29.16 and a beta of 1.09. The business has a 50-day simple moving average of $53.68 and a two-hundred day simple moving average of $51.48. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a fifty-two week low of $42.86 and a fifty-two week high of $56.23.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 3rd quarter valued at $34,000. Continuum Advisory LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 2nd quarter valued at approximately $132,000. Whipplewood Advisors LLC boosted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 556.0% during the first quarter. Whipplewood Advisors LLC now owns 3,070 shares of the company’s stock worth $140,000 after purchasing an additional 2,602 shares in the last quarter. Royal Bank of Canada grew its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 5.4% in the 1st quarter. Royal Bank of Canada now owns 10,422 shares of the company’s stock valued at $475,000 after acquiring an additional 537 shares during the last quarter. Finally, Foundry Financial Group Inc. raised its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 155.5% during the 3rd quarter. Foundry Financial Group Inc. now owns 10,949 shares of the company’s stock worth $589,000 after purchasing an additional 6,664 shares during the last quarter.

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

The SEI Large Cap Momentum Factor ETF (SEIM) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of large-cap US companies, exhibiting strong momentum. Selection is based on a quantitative model and an optimization process. SEIM was launched on May 18, 2022 and is managed by SEI.