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

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

Harbor Long-Short Equity ETF Trading Up 0.9%

Shares of NYSEARCA LSEQ traded up $0.32 during mid-day trading on Tuesday, hitting $35.56. The company had a trading volume of 285 shares, compared to its average volume of 4,652. The firm has a 50-day simple moving average of $33.28 and a two-hundred day simple moving average of $30.79. The company 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 one year low of $26.50 and a one year high of $35.68.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. bought a new position in Harbor Long-Short Equity ETF in the third quarter valued at approximately $334,000. Welch & Forbes LLC bought a new stake in Harbor Long-Short Equity ETF in the 4th quarter valued at $387,000. MassMutual Private Wealth & Trust FSB bought a new stake in Harbor Long-Short Equity ETF in the 4th quarter valued at $387,000. Finally, HighTower Advisors LLC raised its stake in Harbor Long-Short Equity ETF by 1.8% in the 3rd 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.

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.