Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) Sees Large Increase in Short Interest

Harbor Long-Short Equity ETF (NYSEARCA:LSEQGet Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 9,768 shares, an increase of 89.6% from the April 30th total of 5,153 shares. Based on an average daily volume of 1,430 shares, the short-interest ratio is presently 6.8 days. Currently, 2.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LSEQ. Welch & Forbes LLC purchased a new position in Harbor Long-Short Equity ETF in the 4th quarter valued at approximately $387,000. MassMutual Private Wealth & Trust FSB purchased a new position in Harbor Long-Short Equity ETF in the 4th quarter valued at approximately $387,000. Envestnet Asset Management Inc. purchased a new position in Harbor Long-Short Equity ETF in the 3rd quarter valued at approximately $334,000. Finally, HighTower Advisors LLC grew its stake in Harbor Long-Short Equity ETF by 1.8% in the 3rd quarter. HighTower Advisors LLC now owns 190,560 shares of the company’s stock valued at $5,369,000 after buying an additional 3,336 shares in the last quarter.

Harbor Long-Short Equity ETF Trading Up 1.1%

Harbor Long-Short Equity ETF stock opened at $35.14 on Thursday. Harbor Long-Short Equity ETF has a 1-year low of $26.50 and a 1-year high of $35.94. The firm has a market capitalization of $15.81 million, a price-to-earnings ratio of 24.11 and a beta of 0.34. The firm has a 50 day simple moving average of $34.03 and a 200 day simple moving average of $31.49.

About Harbor Long-Short Equity ETF

(Get Free Report)

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.

Further Reading

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