Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) Sees Large Decline in Short Interest

Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 5,590 shares, a decrease of 42.8% from the May 14th total of 9,768 shares. Based on an average daily volume of 2,337 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Welch & Forbes LLC bought a new position in Harbor Long-Short Equity ETF during the 4th quarter valued at approximately $387,000. MassMutual Private Wealth & Trust FSB bought a new position in Harbor Long-Short Equity ETF during the 4th quarter valued at approximately $387,000. HighTower Advisors LLC raised its position in 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 valued at $5,369,000 after purchasing an additional 3,336 shares during the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in Harbor Long-Short Equity ETF during the 3rd quarter valued at approximately $334,000.

Harbor Long-Short Equity ETF Price Performance

LSEQ traded down $0.25 during midday trading on Tuesday, reaching $35.53. 267 shares of the company’s stock traded hands, compared to its average volume of 4,275. The firm has a fifty day moving average of $34.35 and a two-hundred day moving average of $31.90. The stock has a market capitalization of $15.99 million, a price-to-earnings ratio of 24.11 and a beta of 0.31. Harbor Long-Short Equity ETF has a 52 week low of $26.50 and a 52 week high of $35.94.

Harbor Long-Short Equity ETF Company Profile

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.