SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM – Get Free Report) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 68 shares, a decrease of 99.8% from the April 30th total of 28,918 shares. Based on an average daily volume of 68,981 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.
SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Down 0.4%
SEIM traded down $0.20 during mid-day trading on Wednesday, hitting $53.69. 39,389 shares of the stock were exchanged, compared to its average volume of 76,283. The firm’s fifty day moving average is $49.44 and its two-hundred day moving average is $47.67. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 1-year low of $39.28 and a 1-year high of $53.94. The company has a market cap of $833.81 million, a PE ratio of 29.16 and a beta of 1.09.
Hedge Funds Weigh In On SEI Enhanced U.S. Large Cap Momentum Factor ETF
Hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 268,953 shares of the company’s stock worth $12,210,000 after acquiring an additional 36,097 shares in the last quarter. Calton & Associates Inc. acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 3rd quarter worth about $543,000. Sei Investments Co. lifted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 22.5% during the 3rd quarter. Sei Investments Co. now owns 13,151,647 shares of the company’s stock worth $597,089,000 after acquiring an additional 2,415,116 shares in the last quarter. Summit Wealth Group LLC Co. acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter worth about $88,433,000. Finally, Stratos Wealth Partners LTD. acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 3rd quarter worth about $798,000.
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.
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