Short Interest in Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) Increases By 645.7%
by Doug Wharley · The Cerbat GemHarbor Long-Short Equity ETF (NYSEARCA:LSEQ – Get Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 5,153 shares, a growth of 645.7% from the April 15th total of 691 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,867 shares, the days-to-cover ratio is presently 1.8 days.
Institutional Investors Weigh In On Harbor Long-Short Equity ETF
Institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. purchased a new stake in Harbor Long-Short Equity ETF during the third quarter worth approximately $334,000. Welch & Forbes LLC purchased a new stake in Harbor Long-Short Equity ETF during the fourth quarter worth approximately $387,000. MassMutual Private Wealth & Trust FSB purchased a new stake in Harbor Long-Short Equity ETF during the fourth quarter worth approximately $387,000. Finally, HighTower Advisors LLC lifted its stake in Harbor Long-Short Equity ETF by 1.8% during the third quarter. HighTower Advisors LLC now owns 190,560 shares of the company’s stock worth $5,369,000 after purchasing an additional 3,336 shares during the last quarter.
Harbor Long-Short Equity ETF Trading Up 0.5%
LSEQ stock traded up $0.17 during trading on Wednesday, hitting $35.73. 2,128 shares of the company’s stock were exchanged, compared to its average volume of 4,623. The business has a 50-day moving average price of $33.34 and a two-hundred day moving average price of $30.89. The stock has a market capitalization of $16.08 million, a price-to-earnings ratio of 24.11 and a beta of 0.34. Harbor Long-Short Equity ETF has a 52-week low of $26.50 and a 52-week high of $35.84.
About Harbor Long-Short Equity ETF
The Harbor Long-Short Equity ETF (LSEQ) is an exchange-traded fund that is based on the HFRX Equity Hedge index. The fund is actively managed, seeking long-term capital growth. The portfolio will generally be 40%-60% net long in equity securities, with the possibility of extending to 150% long LSEQ was launched on Dec 4, 2023 and is issued by Harbor.