SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) Sees Significant Growth in Short Interest

SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 4,007 shares, a growth of 144.3% from the April 30th total of 1,640 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 40,778 shares, the days-to-cover ratio is currently 0.1 days.

SEI Select Emerging Markets Equity ETF Trading Up 0.1%

SEEM stock opened at $39.79 on Friday. SEI Select Emerging Markets Equity ETF has a 1-year low of $25.60 and a 1-year high of $40.03. The business’s 50 day moving average is $36.06 and its 200-day moving average is $33.90. The firm has a market cap of $587.70 million, a P/E ratio of 11.47 and a beta of 0.73.

SEI Select Emerging Markets Equity ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Monday, April 6th were given a $0.0985 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, April 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Binnacle Investments Inc boosted its stake in shares of SEI Select Emerging Markets Equity ETF by 2.8% in the 2nd quarter. Binnacle Investments Inc now owns 17,289 shares of the company’s stock valued at $476,000 after purchasing an additional 466 shares in the last quarter. BlueChip Wealth Advisors LLC acquired a new stake in shares of SEI Select Emerging Markets Equity ETF during the 3rd quarter worth about $1,478,000. Merit Financial Group LLC bought a new position in SEI Select Emerging Markets Equity ETF during the 3rd quarter valued at about $825,000. ROSS JOHNSON & Associates LLC lifted its holdings in SEI Select Emerging Markets Equity ETF by 117.6% during the 3rd quarter. ROSS JOHNSON & Associates LLC now owns 4,653 shares of the company’s stock valued at $141,000 after purchasing an additional 2,515 shares during the last quarter. Finally, Sei Investments Co. acquired a new position in SEI Select Emerging Markets Equity ETF in the third quarter valued at about $510,000.

About SEI Select Emerging Markets Equity ETF

The SEI Select Emerging Markets Equity ETF (SEEM) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking capital appreciation through investments in companies from emerging markets. The selection process integrates the advisers proprietary quantitative model with recommendations from one or more sub-advisers. SEEM was launched on Oct 10, 2024 and is issued by SEI.