Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) Sees Significant Drop in Short Interest

Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 331 shares, a decrease of 97.6% from the February 12th total of 13,869 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 58,307 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 58,307 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Harbor Scientific Alpha High-Yield ETF Stock Performance

Harbor Scientific Alpha High-Yield ETF stock traded down $0.05 during mid-day trading on Tuesday, reaching $45.03. The company had a trading volume of 22,747 shares, compared to its average volume of 33,255. The business has a fifty day simple moving average of $45.76 and a 200 day simple moving average of $45.94. Harbor Scientific Alpha High-Yield ETF has a fifty-two week low of $42.38 and a fifty-two week high of $46.69.

Harbor Scientific Alpha High-Yield ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.2192 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Monday, March 2nd.

Institutional Investors Weigh In On Harbor Scientific Alpha High-Yield ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SIHY. 1620 Investment Advisors Inc. bought a new position in shares of Harbor Scientific Alpha High-Yield ETF during the fourth quarter worth about $28,000. Global Retirement Partners LLC bought a new stake in Harbor Scientific Alpha High-Yield ETF in the fourth quarter valued at approximately $32,000. International Assets Investment Management LLC bought a new stake in Harbor Scientific Alpha High-Yield ETF in the fourth quarter valued at approximately $78,000. Steward Partners Investment Advisory LLC acquired a new stake in Harbor Scientific Alpha High-Yield ETF during the 2nd quarter valued at approximately $197,000. Finally, HighTower Advisors LLC bought a new position in Harbor Scientific Alpha High-Yield ETF during the 4th quarter worth approximately $228,000.

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.