SEI Select International Equity ETF (NASDAQ:SEIE) Sees Significant Growth in Short Interest

SEI Select International Equity ETF (NASDAQ:SEIE) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 96,621 shares, an increase of 1,185.4% from the October 15th total of 7,517 shares. Based on an average daily trading volume, of 96,103 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the company’s stock are short sold.

SEI Select International Equity ETF Price Performance

NASDAQ SEIE traded down $0.15 during trading on Thursday, hitting $35.72. The company’s stock had a trading volume of 131,688 shares, compared to its average volume of 107,636. SEI Select International Equity ETF has a fifty-two week low of $30.20 and a fifty-two week high of $38.30. The company has a market cap of $1.34 billion, a PE ratio of 13.90 and a beta of 0.51. The business’s 50 day simple moving average is $35.90 and its 200-day simple moving average is $35.19.

SEI Select International Equity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Monday, October 5th were given a dividend of $0.1534 per share. The ex-dividend date of this dividend was Monday, October 5th. This represents a $0.61 annualized dividend and a yield of 1.7%. This is a drop from SEI Select International Equity ETF’s previous quarterly dividend of $0.3615.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new stake in shares of SEI Select International Equity ETF during the third quarter valued at $67,000. Silver Grove Financial Group Inc. purchased a new position in SEI Select International Equity ETF in the 3rd quarter worth $112,000. Cetera Investment Advisers purchased a new position in SEI Select International Equity ETF in the 1st quarter worth $222,000. Independent Wealth Network Inc. acquired a new stake in SEI Select International Equity ETF during the 3rd quarter worth about $391,000. Finally, Stewardship Advisors LLC lifted its position in SEI Select International Equity ETF by 4.0% during the 3rd quarter. Stewardship Advisors LLC now owns 21,274 shares of the company’s stock worth $761,000 after acquiring an additional 828 shares during the period.

About SEI Select International Equity ETF

The SEI Select International Equity ETF (SEIE) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking capital appreciation through investments in non-US companies from developed markets. The selection process integrates the advisers proprietary quantitative model with recommendations from one or more sub-advisers. SEIE was launched on Oct 10, 2024 and is issued by SEI.