Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) Shares Shorted: Short Interest Up 11,374.6% in September

Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 6,770 shares, an increase of 11,374.6% from the September 15th total of 59 shares. Based on an average daily volume of 1,940 shares, the short-interest ratio is presently 3.5 days. Approximately 1.4% of the company’s shares are sold short.

Institutional Trading of Harbor Long-Short Equity ETF

An institutional investor recently bought a new stake in Harbor Long-Short Equity ETF stock. Envestnet Asset Management Inc. purchased a new stake in shares of Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,737 shares of the company’s stock, valued at approximately $204,000. Envestnet Asset Management Inc. owned approximately 1.22% of Harbor Long-Short Equity ETF as of its most recent SEC filing.

Harbor Long-Short Equity ETF Stock Up 1.7%

Shares of LSEQ traded up $0.56 during trading hours on Friday, reaching $34.20. 324 shares of the company traded hands, compared to its average volume of 3,237. Harbor Long-Short Equity ETF has a 12 month low of $27.31 and a 12 month high of $36.02. The company’s fifty day moving average price is $34.07 and its two-hundred day moving average price is $34.24. The company has a market capitalization of $16.07 million, a price-to-earnings ratio of 24.11 and a beta of 0.33.

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.