Short Interest in SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) Declines By 72.7%

SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 12,723 shares, a drop of 72.7% from the April 15th total of 46,638 shares. Based on an average trading volume of 88,183 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SEIV. Assetmark Inc. raised its position in SEI Enhanced U.S. Large Cap Value Factor ETF by 46.9% in the 3rd quarter. Assetmark Inc. now owns 1,009 shares of the company’s stock valued at $39,000 after buying an additional 322 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new position in SEI Enhanced U.S. Large Cap Value Factor ETF during the 4th quarter worth $46,000. Bank of America Corp DE grew its stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 197.5% in the 4th quarter. Bank of America Corp DE now owns 1,410 shares of the company’s stock worth $47,000 after acquiring an additional 936 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF in the 4th quarter worth $50,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF in the third quarter valued at about $84,000.

SEI Enhanced U.S. Large Cap Value Factor ETF Stock Performance

Shares of SEIV opened at $45.47 on Wednesday. The stock has a 50 day moving average price of $42.79 and a two-hundred day moving average price of $41.87. The firm has a market capitalization of $795.73 million, a P/E ratio of 13.06 and a beta of 1.03. SEI Enhanced U.S. Large Cap Value Factor ETF has a 52 week low of $33.39 and a 52 week high of $46.13.

SEI Enhanced U.S. Large Cap Value Factor ETF Company Profile

The SEI Large Cap Value Factor ETF (SEIV) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks that are perceived to be at a discount relative to their fair valuation. SEIV was launched on May 18, 2022 and is managed by SEI.