SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) Sees Large Drop in Short Interest

SEI Select Emerging Markets Equity ETF (NASDAQ:SEEMGet Free Report) was the target of a large 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 trading volume of 74,944 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of SEI Select Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Turning Point Benefit Group Inc. purchased a new position in SEI Select Emerging Markets Equity ETF during the 3rd quarter worth approximately $73,000. Global Retirement Partners LLC purchased a new stake in SEI Select Emerging Markets Equity ETF in the 4th quarter valued at $95,000. United Advisor Group LLC boosted its stake in SEI Select Emerging Markets Equity ETF by 21.8% during the 4th quarter. United Advisor Group LLC now owns 8,106 shares of the company’s stock worth $252,000 after purchasing an additional 1,451 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new position in SEI Select Emerging Markets Equity ETF during the 1st quarter worth $279,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of SEI Select Emerging Markets Equity ETF in the fourth quarter valued at about $301,000.

SEI Select Emerging Markets Equity ETF Stock Up 3.9%

Shares of SEEM opened at $37.36 on Friday. The company has a market capitalization of $599.63 million, a price-to-earnings ratio of 11.47 and a beta of 0.76. 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 50 day moving average price of $38.98 and a 200 day moving average price of $36.36.

SEI Select Emerging Markets Equity ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, July 6th were paid 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.

About SEI Select Emerging Markets Equity ETF

(Get Free Report)

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.

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