Harbor Long-Short Equity ETF (NYSEARCA:LSEQ – Get Free Report) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,153 shares, an increase of 645.7% from the April 15th total of 691 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,867 shares, the short-interest ratio is currently 1.8 days.
Institutional Trading of Harbor Long-Short Equity ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. purchased a new position in Harbor Long-Short Equity ETF during the third quarter worth about $334,000. HighTower Advisors LLC lifted its position in shares of Harbor Long-Short Equity ETF by 1.8% during the 3rd quarter. HighTower Advisors LLC now owns 190,560 shares of the company’s stock worth $5,369,000 after buying an additional 3,336 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new position in shares of Harbor Long-Short Equity ETF during the 4th quarter worth approximately $387,000. Finally, Welch & Forbes LLC purchased a new position in shares of Harbor Long-Short Equity ETF in the 4th quarter worth approximately $387,000.
Harbor Long-Short Equity ETF Stock Performance
NYSEARCA LSEQ opened at $35.73 on Thursday. The business has a fifty day simple moving average of $33.34 and a 200 day simple moving average of $30.89. Harbor Long-Short Equity ETF has a 12 month low of $26.50 and a 12 month high of $35.84. The firm has a market capitalization of $16.08 million, a P/E ratio of 24.11 and a beta of 0.34.
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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