SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Short Interest Down 99.8% in May

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 68 shares, a decline of 99.8% from the April 30th total of 28,918 shares. Based on an average trading volume of 68,981 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

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

Shares of SEIM stock opened at $53.69 on Thursday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a fifty-two week low of $39.28 and a fifty-two week high of $53.94. The firm has a market capitalization of $833.81 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. The stock’s 50-day simple moving average is $49.58 and its 200-day simple moving average is $47.73.

Institutional Investors Weigh In On SEI Enhanced U.S. Large Cap Momentum Factor ETF

A number of large investors have recently modified their holdings of SEIM. Morton Brown Family Wealth LLC purchased a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter worth about $44,000. Bank of America Corp DE lifted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% during the fourth quarter. Bank of America Corp DE now owns 1,260 shares of the company’s stock worth $49,000 after purchasing an additional 816 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter worth about $50,000. Assetmark Inc. lifted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 23.2% during the third quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock worth $68,000 after purchasing an additional 284 shares during the period. Finally, Turning Point Benefit Group Inc. acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the third quarter worth about $87,000.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Company Profile

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.