SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) Short Interest Down 35.7% in July

SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 9,341 shares, a drop of 35.7% from the June 30th total of 14,536 shares. Based on an average daily trading volume, of 74,944 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

SEI Select Emerging Markets Equity ETF Stock Up 0.6%

NASDAQ:SEEM opened at $37.59 on Friday. SEI Select Emerging Markets Equity ETF has a 52-week low of $27.31 and a 52-week high of $41.79. The stock has a fifty day simple moving average of $38.96 and a 200-day simple moving average of $36.37. The company has a market capitalization of $603.32 million, a PE ratio of 11.47 and a beta of 0.76.

SEI Select Emerging Markets Equity ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, July 6th were issued a dividend of $0.2911 per share. This represents a $1.16 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, July 6th.

Hedge Funds Weigh In On SEI Select Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its position in shares of SEI Select Emerging Markets Equity ETF by 1,270.0% in the fourth quarter. Osaic Holdings Inc. now owns 993,806 shares of the company’s stock valued at $30,933,000 after purchasing an additional 921,267 shares during the last quarter. Summit Wealth Group LLC Co. purchased a new position in shares of SEI Select Emerging Markets Equity ETF during the 4th quarter worth approximately $24,668,000. 3EDGE Asset Management LP acquired a new position in shares of SEI Select Emerging Markets Equity ETF during the 4th quarter worth approximately $23,733,000. Sei Investments Co. raised its position in shares of SEI Select Emerging Markets Equity ETF by 514.4% during the 1st quarter. Sei Investments Co. now owns 206,916 shares of the company’s stock worth $6,776,000 after purchasing an additional 173,241 shares during the last quarter. Finally, Apella Capital LLC raised its position in shares of SEI Select Emerging Markets Equity ETF by 1.7% during the 4th quarter. Apella Capital LLC now owns 52,848 shares of the company’s stock worth $1,645,000 after purchasing an additional 886 shares during the last quarter.

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.