Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) Short Interest Up 217.2% in August

Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 8,326 shares, a growth of 217.2% from the July 30th total of 2,625 shares. Based on an average trading volume of 3,723 shares, the short-interest ratio is presently 2.2 days. Approximately 1.9% of the shares of the company are short sold.

Harbor Long-Short Equity ETF Stock Performance

Shares of Harbor Long-Short Equity ETF stock remained flat at $35.29 during trading on Thursday. The stock had a trading volume of 68 shares, compared to its average volume of 3,460. The stock has a 50 day moving average price of $34.40 and a two-hundred day moving average price of $33.85. The company has a market cap of $15.88 million, a price-to-earnings ratio of 24.11 and a beta of 0.31. Harbor Long-Short Equity ETF has a twelve month low of $26.50 and a twelve month high of $36.02.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Harbor Long-Short Equity ETF stock. Envestnet Asset Management Inc. purchased a new position in shares of Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,861 shares of the company’s stock, valued at approximately $334,000. Envestnet Asset Management Inc. owned about 1.69% of Harbor Long-Short Equity ETF as of its most recent SEC filing.

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.