Harbor Long-Short Equity ETF (NYSEARCA:LSEQ – Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 2,663 shares, a decrease of 60.7% from the September 30th total of 6,770 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 2,591 shares, the short-interest ratio is presently 1.0 days.
Harbor Long-Short Equity ETF Price Performance
Shares of NYSEARCA:LSEQ traded down $0.08 during trading on Friday, hitting $34.73. 666 shares of the company’s stock were exchanged, compared to its average volume of 3,037. The business’s 50-day simple moving average is $34.39 and its 200 day simple moving average is $33.66. The company has a market cap of $17.36 million, a price-to-earnings ratio of 24.11 and a beta of 0.33. Harbor Long-Short Equity ETF has a 52-week low of $27.57 and a 52-week high of $36.02.
Hedge Funds Weigh In On Harbor Long-Short Equity ETF
An institutional investor recently bought a new stake in Harbor Long-Short Equity ETF stock. Envestnet Asset Management Inc. bought a new position in shares of Harbor Long-Short Equity ETF (NYSEARCA:LSEQ – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,737 shares of the company’s stock, valued at approximately $204,000. Envestnet Asset Management Inc. owned about 1.22% of Harbor Long-Short Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).
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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