Harbor Long-Short Equity ETF (NYSEARCA:LSEQ – Get Free Report) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 492 shares, a drop of 91.2% from the May 31st total of 5,590 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 3,666 shares, the short-interest ratio is presently 0.1 days.
Harbor Long-Short Equity ETF Price Performance
Shares of NYSEARCA LSEQ traded down $0.62 during midday trading on Friday, reaching $35.19. 933 shares of the stock were exchanged, compared to its average volume of 4,045. Harbor Long-Short Equity ETF has a 12 month low of $26.50 and a 12 month high of $36.02. The company has a market capitalization of $15.84 million, a price-to-earnings ratio of 24.11 and a beta of 0.31. The business has a 50-day simple moving average of $34.60 and a two-hundred day simple moving average of $32.27.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. acquired a new position in Harbor Long-Short Equity ETF in the third quarter valued at about $334,000. Welch & Forbes LLC acquired a new stake in shares of Harbor Long-Short Equity ETF during the fourth quarter worth about $387,000. Finally, MassMutual Private Wealth & Trust FSB bought a new position in shares of Harbor Long-Short Equity ETF during the 4th quarter valued at about $387,000.
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.
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