SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) Stock Short Interest Declines 96.1%

SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,113 shares, a decrease of 96.1% from the September 15th total of 28,201 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 41,395 shares, the days-to-cover ratio is currently 0.0 days.

SEI Enhanced U.S. Large Cap Quality Factor ETF Price Performance

SEIQ opened at $42.20 on Friday. The firm has a market capitalization of $379.80 million, a PE ratio of 26.58 and a beta of 0.83. The business’s 50-day moving average is $41.70 and its two-hundred day moving average is $39.99. SEI Enhanced U.S. Large Cap Quality Factor ETF has a 1 year low of $35.53 and a 1 year high of $42.72.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. boosted its stake in SEI Enhanced U.S. Large Cap Quality Factor ETF by 8.1% in the 1st quarter. Sei Investments Co. now owns 8,212,136 shares of the company’s stock worth $299,006,000 after purchasing an additional 613,643 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in SEI Enhanced U.S. Large Cap Quality Factor ETF by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 162,828 shares of the company’s stock valued at $6,417,000 after purchasing an additional 1,986 shares in the last quarter. K2 Financial Inc. increased its stake in SEI Enhanced U.S. Large Cap Quality Factor ETF by 4.3% during the 2nd quarter. K2 Financial Inc. now owns 66,846 shares of the company’s stock valued at $2,693,000 after purchasing an additional 2,743 shares in the last quarter. Stark Wealth Management LLC purchased a new position in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF in the fourth quarter worth $1,573,000. Finally, NewEdge Advisors LLC raised its holdings in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF by 0.9% in the second quarter. NewEdge Advisors LLC now owns 31,197 shares of the company’s stock worth $1,229,000 after buying an additional 279 shares during the last quarter.

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.