Short Interest in SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) Expands By 3,489.7%

SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 26,492 shares, a growth of 3,489.7% from the April 30th total of 738 shares. Based on an average daily volume of 33,505 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On SEI Enhanced U.S. Large Cap Quality Factor ETF

Large investors have recently made changes to their positions in the company. Truist Financial Corp increased its stake in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF by 30.3% in the third quarter. Truist Financial Corp now owns 151,943 shares of the company’s stock valued at $5,877,000 after purchasing an additional 35,328 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF by 30.4% in the third quarter. Envestnet Asset Management Inc. now owns 160,235 shares of the company’s stock valued at $6,198,000 after purchasing an additional 37,378 shares during the period. Yeomans Consulting Group Inc. acquired a new stake in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF in the fourth quarter valued at approximately $4,252,000. Ameritas Advisory Services LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF in the fourth quarter valued at approximately $1,010,000. Finally, Sei Investments Co. increased its stake in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF by 26.1% in the third quarter. Sei Investments Co. now owns 7,444,963 shares of the company’s stock valued at $287,970,000 after purchasing an additional 1,539,921 shares during the period.

SEI Enhanced U.S. Large Cap Quality Factor ETF Trading Up 0.5%

Shares of BATS:SEIQ opened at $40.20 on Friday. The firm’s 50 day moving average is $38.12 and its two-hundred day moving average is $38.46. SEI Enhanced U.S. Large Cap Quality Factor ETF has a 52 week low of $35.53 and a 52 week high of $41.13. The firm has a market capitalization of $361.80 million, a P/E ratio of 26.58 and a beta of 0.83.

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

The SEI Large Cap Quality Factor ETF (SEIQ) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks it perceives as high quality, based on various quality, profitability, and risk factors. SEIQ was launched on May 18, 2022 and is managed by SEI.