Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) Sees Significant Drop in Short Interest

Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 329 shares, a decrease of 96.0% from the August 15th total of 8,326 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 494 shares, the short-interest ratio is currently 0.7 days.

Harbor Long-Short Equity ETF Trading Down 0.8%

NYSEARCA:LSEQ traded down $0.27 during mid-day trading on Thursday, hitting $34.05. The stock had a trading volume of 8,257 shares, compared to its average volume of 3,342. The company has a 50 day simple moving average of $34.27 and a 200-day simple moving average of $34.06. The stock has a market capitalization of $15.32 million, a price-to-earnings ratio of 24.11 and a beta of 0.31. Harbor Long-Short Equity ETF has a 52 week low of $26.50 and a 52 week high of $36.02.

Institutional Trading of Harbor Long-Short Equity ETF

An institutional investor recently bought a new position in Harbor Long-Short Equity ETF stock. Envestnet Asset Management Inc. bought a new stake in shares of Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,861 shares of the company’s stock, valued at approximately $334,000. Envestnet Asset Management Inc. owned approximately 1.69% of Harbor Long-Short Equity ETF at the end of the most recent reporting period.

Harbor Long-Short Equity ETF Company Profile

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.