Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) Sees Large Growth in Short Interest

Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 5,153 shares, an increase of 645.7% from the April 15th total of 691 shares. Based on an average trading volume of 2,867 shares, the short-interest ratio is currently 1.8 days. Currently, 1.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Harbor Long-Short Equity ETF

Several hedge funds have recently bought and sold shares of the stock. Welch & Forbes LLC acquired a new stake in Harbor Long-Short Equity ETF during the fourth quarter worth approximately $387,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Harbor Long-Short Equity ETF in the fourth quarter valued at about $387,000. HighTower Advisors LLC boosted its position in shares of Harbor Long-Short Equity ETF by 1.8% in the third quarter. HighTower Advisors LLC now owns 190,560 shares of the company’s stock valued at $5,369,000 after acquiring an additional 3,336 shares during the period. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Harbor Long-Short Equity ETF in the third quarter valued at about $334,000.

Harbor Long-Short Equity ETF Trading Up 0.9%

LSEQ stock traded up $0.32 during mid-day trading on Tuesday, hitting $35.56. 285 shares of the company were exchanged, compared to its average volume of 4,652. The business has a 50 day simple moving average of $33.28 and a 200-day simple moving average of $30.79. The stock has a market capitalization of $16.00 million, a PE ratio of 24.11 and a beta of 0.34. Harbor Long-Short Equity ETF has a 1-year low of $26.50 and a 1-year high of $35.68.

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.