Harbor Alpha Layering ETF (NYSEARCA:HOLD) Sees Significant Increase in Short Interest

Harbor Alpha Layering ETF (NYSEARCA:HOLD) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 3,182 shares, an increase of 123.9% from the August 31st total of 1,421 shares. Based on an average daily trading volume, of 543 shares, the days-to-cover ratio is presently 5.9 days. Currently, 1.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Harbor Alpha Layering ETF stock. Archford Capital Strategies LLC grew its holdings in shares of Harbor Alpha Layering ETF (NYSEARCA:HOLD) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,301 shares of the exchange traded fund’s stock after purchasing an additional 8,569 shares during the quarter. Archford Capital Strategies LLC owned approximately 49.32% of Harbor Alpha Layering ETF worth $3,980,000 at the end of the most recent reporting period.

Harbor Alpha Layering ETF Price Performance

Shares of NYSEARCA HOLD traded down $0.33 during midday trading on Monday, reaching $32.63. The company’s stock had a trading volume of 34 shares, compared to its average volume of 1,122. The firm has a 50 day moving average price of $32.28 and a 200-day moving average price of $32.40. Harbor Alpha Layering ETF has a 12-month low of $29.56 and a 12-month high of $34.74.

Harbor Alpha Layering ETF Company Profile

The AdvisorShares North Square McKee Core Reserves ETF (HOLD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds short-term investment-grade USD-denominated fixed-income securities. It aims for duration under 1 year and weighted average maturity under 3 years. HOLD was launched on Jan 14, 2014 and is managed by AdvisorShares.