Short Interest in Harbor AlphaEdge Small Cap Earners ETF (NYSEARCA:EBIT) Drops By 67.7%

Harbor AlphaEdge Small Cap Earners ETF (NYSEARCA:EBIT) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,207 shares, a decrease of 67.7% from the May 14th total of 3,736 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 606 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Harbor AlphaEdge Small Cap Earners ETF stock. Petros Family Wealth LLC increased its stake in Harbor AlphaEdge Small Cap Earners ETF (NYSEARCA:EBIT) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,311 shares of the company’s stock after acquiring an additional 629 shares during the period. Petros Family Wealth LLC owned about 13.33% of Harbor AlphaEdge Small Cap Earners ETF worth $1,253,000 as of its most recent SEC filing.

Harbor AlphaEdge Small Cap Earners ETF Stock Performance

Shares of NYSEARCA:EBIT opened at $38.41 on Thursday. Harbor AlphaEdge Small Cap Earners ETF has a 52-week low of $30.35 and a 52-week high of $38.78. The firm has a fifty day moving average of $37.29 and a 200 day moving average of $35.92. The firm has a market capitalization of $11.52 million, a PE ratio of 11.84 and a beta of 0.87.

Harbor AlphaEdge Small Cap Earners ETF Company Profile

The Harbor AlphaEdge Small Cap Earners ETF (EBIT) is an exchange-traded fund that is based on the Harbor AlphaEdge Small Cap Earners index. The fund tracks an index comprised of small cap companies in the US selected and weighted according to their profitability. EBIT was launched on Jul 9, 2024 and is issued by Harbor.