Short Interest in Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) Rises By 598.8%

Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,313 shares, an increase of 598.8% from the February 26th total of 331 shares. Based on an average daily trading volume, of 47,523 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s stock are short sold.

Harbor Scientific Alpha High-Yield ETF Stock Performance

SIHY stock traded down $0.27 during midday trading on Thursday, hitting $44.47. The company’s stock had a trading volume of 38,615 shares, compared to its average volume of 32,974. The firm’s 50-day moving average is $45.51 and its 200-day moving average is $45.83. Harbor Scientific Alpha High-Yield ETF has a 12 month low of $42.38 and a 12 month high of $46.69.

Harbor Scientific Alpha High-Yield ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.2192 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.9%.

Hedge Funds Weigh In On Harbor Scientific Alpha High-Yield ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SK Wealth Management LLC boosted its holdings in shares of Harbor Scientific Alpha High-Yield ETF by 1.0% during the 3rd quarter. SK Wealth Management LLC now owns 23,277 shares of the company’s stock valued at $1,069,000 after acquiring an additional 239 shares during the last quarter. MML Investors Services LLC lifted its position in Harbor Scientific Alpha High-Yield ETF by 1.0% during the fourth quarter. MML Investors Services LLC now owns 33,683 shares of the company’s stock valued at $1,539,000 after purchasing an additional 344 shares during the period. WT Wealth Management lifted its position in Harbor Scientific Alpha High-Yield ETF by 0.5% during the second quarter. WT Wealth Management now owns 123,539 shares of the company’s stock valued at $5,694,000 after purchasing an additional 587 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in Harbor Scientific Alpha High-Yield ETF in the fourth quarter worth approximately $28,000. Finally, Flagship Harbor Advisors LLC grew its position in Harbor Scientific Alpha High-Yield ETF by 1.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 67,216 shares of the company’s stock worth $3,117,000 after purchasing an additional 667 shares during the period.

About Harbor Scientific Alpha High-Yield ETF

The Harbor Scientific Alpha High-Yield ETF (SIHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund of high-yield, USD-denominated corporate bonds selected based on a proprietary scientific method. SIHY was launched on Sep 14, 2021 and is managed by Harbor.