SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Short Interest Up 1,119.1% in May

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 829 shares, a growth of 1,119.1% from the May 14th total of 68 shares. Based on an average daily volume of 87,566 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

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

SEIM traded down $0.01 during trading hours on Tuesday, hitting $53.12. 85,633 shares of the stock were exchanged, compared to its average volume of 77,913. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 12 month low of $39.95 and a 12 month high of $55.04. The stock has a 50-day simple moving average of $50.85 and a 200-day simple moving average of $48.23. The stock has a market cap of $824.95 million, a price-to-earnings ratio of 29.16 and a beta of 1.09.

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

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

About SEI Enhanced U.S. Large Cap Momentum Factor ETF

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.