Short Interest in SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) Grows By 149.4%

SEI Enhanced U.S. Large Cap Quality Factor ETF (BATS:SEIQ) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 14,117 shares, a growth of 149.4% from the June 30th total of 5,660 shares. Based on an average daily volume of 100,258 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On SEI Enhanced U.S. Large Cap Quality Factor ETF

Several hedge funds have recently modified their holdings of SEIQ. Turning Point Benefit Group Inc. bought a new stake in SEI Enhanced U.S. Large Cap Quality Factor ETF during the third quarter worth about $39,000. Larson Financial Group LLC acquired a new position in SEI Enhanced U.S. Large Cap Quality Factor ETF during the third quarter valued at approximately $48,000. Whipplewood Advisors LLC grew its stake in SEI Enhanced U.S. Large Cap Quality Factor ETF by 120.7% in the first quarter. Whipplewood Advisors LLC now owns 2,911 shares of the company’s stock valued at $106,000 after purchasing an additional 1,592 shares in the last quarter. Binnacle Investments Inc grew its stake in SEI Enhanced U.S. Large Cap Quality Factor ETF by 60.1% in the second quarter. Binnacle Investments Inc now owns 3,403 shares of the company’s stock valued at $127,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Stewardship Advisors LLC increased its position in shares of SEI Enhanced U.S. Large Cap Quality Factor ETF by 4.0% during the 4th quarter. Stewardship Advisors LLC now owns 12,032 shares of the company’s stock worth $468,000 after purchasing an additional 464 shares during the last quarter.

SEI Enhanced U.S. Large Cap Quality Factor ETF Trading Up 1.1%

Shares of SEIQ opened at $40.58 on Tuesday. SEI Enhanced U.S. Large Cap Quality Factor ETF has a 12 month low of $35.53 and a 12 month high of $41.13. The firm has a fifty day simple moving average of $39.84 and a 200 day simple moving average of $38.80. The stock has a market capitalization of $365.22 million, a price-to-earnings ratio of 26.58 and a beta of 0.83.

About SEI Enhanced U.S. Large Cap Quality Factor ETF

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.