Harbor Long-Short Equity ETF (NYSEARCA:LSEQ – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 5,590 shares, a drop of 42.8% from the May 14th total of 9,768 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 2,337 shares, the days-to-cover ratio is currently 2.4 days.
Institutional Investors Weigh In On Harbor Long-Short Equity ETF
A number of hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC increased 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 purchasing an additional 3,336 shares in the last quarter. Welch & Forbes LLC acquired a new stake in shares of Harbor Long-Short Equity ETF during the 4th quarter worth about $387,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Harbor Long-Short Equity ETF during the 4th quarter worth about $387,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Harbor Long-Short Equity ETF during the 3rd quarter worth about $334,000.
Harbor Long-Short Equity ETF Stock Up 1.4%
Shares of Harbor Long-Short Equity ETF stock opened at $35.78 on Friday. The stock has a market capitalization of $16.10 million, a P/E ratio of 24.11 and a beta of 0.31. The company has a 50-day simple moving average of $34.27 and a 200 day simple moving average of $31.78. Harbor Long-Short Equity ETF has a 12-month low of $26.50 and a 12-month high of $35.94.
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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