Short Interest in SEI Enhanced Low Volatility U.S. Large Cap ETF (BATS:SELV) Expands By 2,184,100.0%

SEI Enhanced Low Volatility U.S. Large Cap ETF (BATS:SELV) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 21,842 shares, a growth of 2,184,100.0% from the July 30th total of 1 shares. Based on an average daily trading volume, of 11,145 shares, the short-interest ratio is presently 2.0 days. Approximately 0.4% of the company’s shares are sold short.

SEI Enhanced Low Volatility U.S. Large Cap ETF Stock Performance

Shares of SEI Enhanced Low Volatility U.S. Large Cap ETF stock traded up $0.08 during midday trading on Tuesday, reaching $35.41. 7,951 shares of the company’s stock traded hands, compared to its average volume of 17,600. The company has a market cap of $182.36 million, a PE ratio of 19.12 and a beta of 0.68. The stock has a 50 day moving average of $33.68 and a 200-day moving average of $33.15. SEI Enhanced Low Volatility U.S. Large Cap ETF has a 12 month low of $30.92 and a 12 month high of $35.41.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SELV. Global Retirement Partners LLC purchased a new stake in shares of SEI Enhanced Low Volatility U.S. Large Cap ETF in the 4th quarter worth about $140,000. Cetera Investment Advisers purchased a new position in shares of SEI Enhanced Low Volatility U.S. Large Cap ETF during the fourth quarter valued at about $243,000. Principal Securities Inc. increased its position in shares of SEI Enhanced Low Volatility U.S. Large Cap ETF by 8.2% during the fourth quarter. Principal Securities Inc. now owns 7,725 shares of the company’s stock valued at $250,000 after buying an additional 587 shares during the period. Ameritas Advisory Services LLC bought a new position in SEI Enhanced Low Volatility U.S. Large Cap ETF in the fourth quarter worth about $265,000. Finally, Geneos Wealth Management Inc. raised its stake in SEI Enhanced Low Volatility U.S. Large Cap ETF by 150.5% in the second quarter. Geneos Wealth Management Inc. now owns 9,092 shares of the company’s stock worth $285,000 after buying an additional 5,463 shares in the last quarter.

SEI Enhanced Low Volatility U.S. Large Cap ETF Company Profile

The SEI Large Cap Low Volatility Factor ETF (SELV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of large-cap US companies, seeking to achieve low volatility. Selection is based on a factor scoring model, a risk model and an optimization process. SELV was launched on May 18, 2022 and is managed by SEI.