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

Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 5,590 shares, a decline of 42.8% from the May 14th total of 9,768 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 2,337 shares, the days-to-cover ratio is presently 2.4 days.

Harbor Long-Short Equity ETF Stock Down 0.7%

Shares of LSEQ traded down $0.25 on Tuesday, hitting $35.53. The company’s stock had a trading volume of 267 shares, compared to its average volume of 4,275. The firm’s fifty day moving average price is $34.35 and its 200-day moving average price is $31.90. Harbor Long-Short Equity ETF has a fifty-two week low of $26.50 and a fifty-two week high of $35.94. The firm has a market capitalization of $15.99 million, a price-to-earnings ratio of 24.11 and a beta of 0.31.

Hedge Funds Weigh In On Harbor Long-Short Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Welch & Forbes LLC acquired a new position in shares of Harbor Long-Short Equity ETF in the 4th quarter valued at approximately $387,000. Envestnet Asset Management Inc. acquired a new position in shares of Harbor Long-Short Equity ETF in the 3rd quarter valued at approximately $334,000. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Harbor Long-Short Equity ETF in the 4th quarter valued at approximately $387,000. Finally, HighTower Advisors LLC grew its position in shares of 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 purchasing an additional 3,336 shares during the 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.