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

SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,402 shares, a drop of 65.0% from the May 14th total of 4,007 shares. Based on an average daily volume of 32,507 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On SEI Select Emerging Markets Equity ETF

Several institutional investors have recently bought and sold shares of SEEM. Osaic Holdings Inc. raised its stake in shares of SEI Select Emerging Markets Equity ETF by 1,270.0% in the fourth quarter. Osaic Holdings Inc. now owns 993,806 shares of the company’s stock valued at $30,933,000 after acquiring an additional 921,267 shares during the period. Summit Wealth Group LLC Co. purchased a new stake in shares of SEI Select Emerging Markets Equity ETF in the fourth quarter valued at $24,668,000. 3EDGE Asset Management LP purchased a new stake in shares of SEI Select Emerging Markets Equity ETF in the fourth quarter valued at $23,733,000. Sei Investments Co. raised its stake in shares of SEI Select Emerging Markets Equity ETF by 514.4% in the first quarter. Sei Investments Co. now owns 206,916 shares of the company’s stock valued at $6,776,000 after acquiring an additional 173,241 shares during the period. Finally, Apella Capital LLC raised its stake in shares of SEI Select Emerging Markets Equity ETF by 1.7% in the fourth quarter. Apella Capital LLC now owns 52,848 shares of the company’s stock valued at $1,645,000 after acquiring an additional 886 shares during the period.

SEI Select Emerging Markets Equity ETF Stock Up 0.6%

SEEM stock opened at $39.71 on Friday. SEI Select Emerging Markets Equity ETF has a 52 week low of $26.44 and a 52 week high of $41.22. The company has a fifty day simple moving average of $37.42 and a two-hundred day simple moving average of $34.50. The firm has a market capitalization of $586.52 million, a P/E ratio of 11.47 and a beta of 0.76.

SEI Select Emerging Markets Equity ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Monday, April 6th were given a dividend of $0.0985 per share. The ex-dividend date was Monday, April 6th. This represents a $0.39 annualized dividend and a yield of 1.0%.

SEI Select Emerging Markets Equity ETF Company Profile

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.