Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) Short Interest Up 160.7% in May

Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 842 shares, an increase of 160.7% from the April 30th total of 323 shares. Based on an average daily trading volume, of 57,451 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Harbor Scientific Alpha High-Yield ETF Stock Performance

Shares of NYSEARCA SIHY traded up $0.02 during trading hours on Friday, reaching $45.60. The stock had a trading volume of 8,433 shares, compared to its average volume of 31,979. The business’s fifty day moving average is $45.14 and its two-hundred day moving average is $45.54. Harbor Scientific Alpha High-Yield ETF has a twelve month low of $44.28 and a twelve month high of $46.69.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in Harbor Scientific Alpha High-Yield ETF by 13.7% during the first quarter. Royal Bank of Canada now owns 91,803 shares of the company’s stock worth $4,113,000 after purchasing an additional 11,057 shares during the period. Beta Wealth Group Inc. grew its stake in shares of Harbor Scientific Alpha High-Yield ETF by 1.7% in the 1st quarter. Beta Wealth Group Inc. now owns 44,184 shares of the company’s stock valued at $1,980,000 after purchasing an additional 754 shares during the period. Greenwood Capital Associates LLC raised its holdings in shares of Harbor Scientific Alpha High-Yield ETF by 23.3% in the 1st quarter. Greenwood Capital Associates LLC now owns 12,450 shares of the company’s stock worth $558,000 after buying an additional 2,354 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Harbor Scientific Alpha High-Yield ETF by 1.4% in the 1st quarter. Private Advisor Group LLC now owns 40,192 shares of the company’s stock worth $1,801,000 after buying an additional 552 shares in the last quarter. Finally, Independence Asset Advisors LLC lifted its position in shares of Harbor Scientific Alpha High-Yield ETF by 16.1% during the 1st quarter. Independence Asset Advisors LLC now owns 6,258 shares of the company’s stock worth $279,000 after buying an additional 869 shares during the period.

Harbor Scientific Alpha High-Yield ETF Company Profile

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.