SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) Sees Significant Decrease in Short Interest

SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 18,671 shares, a drop of 98.1% from the August 31st total of 963,905 shares. Based on an average daily volume of 138,019 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of SEI Enhanced U.S. Large Cap Value Factor ETF

A number of institutional investors have recently bought and sold shares of SEIV. Sei Investments Co. increased its holdings in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 1.2% in the 1st quarter. Sei Investments Co. now owns 14,939,112 shares of the company’s stock valued at $620,870,000 after acquiring an additional 184,033 shares during the last quarter. StoneCrest Wealth Management Inc. purchased a new stake in SEI Enhanced U.S. Large Cap Value Factor ETF during the second quarter worth approximately $9,646,000. K2 Financial Inc. lifted its stake in SEI Enhanced U.S. Large Cap Value Factor ETF by 0.3% during the first quarter. K2 Financial Inc. now owns 116,567 shares of the company’s stock worth $5,129,000 after purchasing an additional 389 shares during the last quarter. Stark Wealth Management LLC acquired a new position in SEI Enhanced U.S. Large Cap Value Factor ETF in the fourth quarter valued at approximately $2,480,000. Finally, Stewardship Advisors LLC boosted its holdings in SEI Enhanced U.S. Large Cap Value Factor ETF by 3.2% in the first quarter. Stewardship Advisors LLC now owns 24,657 shares of the company’s stock valued at $1,025,000 after purchasing an additional 775 shares in the last quarter.

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

Shares of SEI Enhanced U.S. Large Cap Value Factor ETF stock traded down $0.31 during trading on Thursday, hitting $49.50. 284,173 shares of the stock were exchanged, compared to its average volume of 113,133. The stock has a market cap of $866.25 million, a price-to-earnings ratio of 13.06 and a beta of 1.03. The firm’s 50-day moving average price is $50.19 and its 200 day moving average price is $46.98. SEI Enhanced U.S. Large Cap Value Factor ETF has a 12-month low of $37.70 and a 12-month high of $51.65.

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.