Short Interest in SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) Declines By 49.7%

SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 2,339 shares, a decrease of 49.7% from the July 30th total of 4,651 shares. Based on an average daily trading volume, of 68,629 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SEEM. Binnacle Investments Inc raised 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 during the period. Turning Point Benefit Group Inc. bought a new position in shares of SEI Select Emerging Markets Equity ETF during the third quarter worth about $73,000. Global Retirement Partners LLC bought a new position in shares of SEI Select Emerging Markets Equity ETF during the fourth quarter worth about $95,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in SEI Select Emerging Markets Equity ETF in the 1st quarter valued at approximately $279,000. Finally, Ameritas Advisory Services LLC acquired a new stake in SEI Select Emerging Markets Equity ETF in the 4th quarter valued at approximately $301,000.

SEI Select Emerging Markets Equity ETF Price Performance

Shares of SEI Select Emerging Markets Equity ETF stock traded down $0.27 during trading on Friday, hitting $39.09. 38,994 shares of the company were exchanged, compared to its average volume of 66,125. The firm has a market capitalization of $627.39 million, a P/E ratio of 11.47 and a beta of 0.80. The firm’s fifty day moving average price is $38.58 and its 200 day moving average price is $37.08. SEI Select Emerging Markets Equity ETF has a 1-year low of $28.30 and a 1-year high of $41.79.

SEI Select Emerging Markets Equity ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, July 6th were given a dividend of $0.2911 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, July 6th.

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.