Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) Stock Short Interest Jumps 110.2%

Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 3,336 shares, a growth of 110.2% from the August 31st total of 1,587 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 37,150 shares, the days-to-cover ratio is presently 0.1 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC increased its stake in shares of Harbor Scientific Alpha High-Yield ETF by 8.7% during the second quarter. Integrated Wealth Concepts LLC now owns 57,654 shares of the company’s stock worth $2,627,000 after purchasing an additional 4,630 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Harbor Scientific Alpha High-Yield ETF in the 2nd quarter worth about $409,000. SFG Wealth Management LLC. acquired a new stake in Harbor Scientific Alpha High-Yield ETF in the 2nd quarter worth about $203,000. Royal Bank of Canada increased its stake in Harbor Scientific Alpha High-Yield ETF by 13.7% during the 1st quarter. Royal Bank of Canada now owns 91,803 shares of the company’s stock worth $4,113,000 after buying an additional 11,057 shares in the last quarter. Finally, Beta Wealth Group Inc. increased its stake in Harbor Scientific Alpha High-Yield ETF by 1.7% during the 1st quarter. Beta Wealth Group Inc. now owns 44,184 shares of the company’s stock worth $1,980,000 after buying an additional 754 shares in the last quarter.

Harbor Scientific Alpha High-Yield ETF Stock Down 0.2%

Shares of SIHY stock opened at $44.15 on Wednesday. Harbor Scientific Alpha High-Yield ETF has a 1-year low of $44.07 and a 1-year high of $46.53. The stock has a 50 day simple moving average of $45.14 and a 200-day simple moving average of $45.21.

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.