Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) Short Interest Update

Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totaling 1,064 shares, a decrease of 54.0% from the March 15th total of 2,313 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 29,427 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Harbor Scientific Alpha High-Yield ETF

Several large investors have recently modified their holdings of SIHY. Royal Bank of Canada increased its position in shares of Harbor Scientific Alpha High-Yield ETF by 20.6% during the 1st quarter. Royal Bank of Canada now owns 52,054 shares of the company’s stock valued at $2,324,000 after purchasing an additional 8,898 shares during the last quarter. Jane Street Group LLC increased its position in shares of Harbor Scientific Alpha High-Yield ETF by 133.9% during the 1st quarter. Jane Street Group LLC now owns 48,823 shares of the company’s stock valued at $2,180,000 after purchasing an additional 27,950 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Harbor Scientific Alpha High-Yield ETF by 24.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 100,432 shares of the company’s stock valued at $4,629,000 after purchasing an additional 19,688 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Harbor Scientific Alpha High-Yield ETF by 45.8% during the 2nd quarter. Osaic Holdings Inc. now owns 64,435 shares of the company’s stock valued at $2,971,000 after purchasing an additional 20,229 shares during the last quarter. Finally, WT Wealth Management increased its position in shares of Harbor Scientific Alpha High-Yield ETF by 0.5% during the 2nd quarter. WT Wealth Management now owns 123,539 shares of the company’s stock valued at $5,694,000 after purchasing an additional 587 shares during the last quarter.

Harbor Scientific Alpha High-Yield ETF Stock Up 0.4%

Shares of NYSEARCA SIHY traded up $0.19 during mid-day trading on Tuesday, hitting $45.46. 8,860 shares of the company’s stock traded hands, compared to its average volume of 32,324. The company’s 50-day moving average is $45.20 and its two-hundred day moving average is $45.69. Harbor Scientific Alpha High-Yield ETF has a 1 year low of $43.63 and a 1 year high of $46.69.

Harbor Scientific Alpha High-Yield ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.2192 per share. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Monday, March 2nd.

About Harbor Scientific Alpha High-Yield ETF

The Harbor Scientific Alpha High-Yield ETF (SIHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund of high-yield, USD-denominated corporate bonds selected based on a proprietary scientific method. SIHY was launched on Sep 14, 2021 and is managed by Harbor.