Harbor Long-Short Equity ETF (NYSEARCA:LSEQ – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 9,768 shares, an increase of 89.6% from the April 30th total of 5,153 shares. Based on an average daily trading volume, of 1,430 shares, the days-to-cover ratio is currently 6.8 days. Approximately 2.2% of the shares of the stock are short sold.
Harbor Long-Short Equity ETF Stock Down 0.2%
Shares of LSEQ stock opened at $34.11 on Tuesday. Harbor Long-Short Equity ETF has a twelve month low of $26.50 and a twelve month high of $35.94. The company has a market cap of $15.35 million, a P/E ratio of 24.11 and a beta of 0.34. The business has a fifty day simple moving average of $33.90 and a 200 day simple moving average of $31.40.
Institutional Trading of Harbor Long-Short Equity ETF
Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. bought a new stake in shares of Harbor Long-Short Equity ETF during the 3rd quarter worth $334,000. Welch & Forbes LLC bought a new stake in shares of Harbor Long-Short Equity ETF during the 4th quarter worth $387,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Harbor Long-Short Equity ETF during the 4th quarter worth $387,000. Finally, HighTower Advisors LLC lifted its position in shares of Harbor Long-Short Equity ETF by 1.8% during the 3rd quarter. HighTower Advisors LLC now owns 190,560 shares of the company’s stock worth $5,369,000 after buying an additional 3,336 shares during the last quarter.
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.
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