Short Interest in Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) Drops By 86.5%

Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 168 shares, a decline of 86.5% from the June 30th total of 1,245 shares. Based on an average trading volume of 46,579 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Harbor Scientific Alpha High-Yield ETF Price Performance

NYSEARCA:SIHY traded up $0.04 on Monday, reaching $45.17. 16,680 shares of the company’s stock were exchanged, compared to its average volume of 29,203. The stock has a fifty day simple moving average of $45.44 and a 200-day simple moving average of $45.42. Harbor Scientific Alpha High-Yield ETF has a 52 week low of $44.28 and a 52 week high of $46.69.

Institutional Investors Weigh In On Harbor Scientific Alpha High-Yield ETF

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in Harbor Scientific Alpha High-Yield ETF by 13.7% during the 1st quarter. Royal Bank of Canada now owns 91,803 shares of the company’s stock worth $4,113,000 after purchasing an additional 11,057 shares in the last quarter. Beta Wealth Group Inc. increased its position in shares of Harbor Scientific Alpha High-Yield ETF by 1.7% during the first quarter. Beta Wealth Group Inc. now owns 44,184 shares of the company’s stock valued at $1,980,000 after buying an additional 754 shares during the period. Greenwood Capital Associates LLC lifted its holdings in shares of Harbor Scientific Alpha High-Yield ETF by 23.3% in the first quarter. Greenwood Capital Associates LLC now owns 12,450 shares of the company’s stock worth $558,000 after buying an additional 2,354 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Harbor Scientific Alpha High-Yield ETF by 1.4% in the first quarter. Private Advisor Group LLC now owns 40,192 shares of the company’s stock valued at $1,801,000 after acquiring an additional 552 shares during the period. Finally, Independence Asset Advisors LLC boosted its position in shares of Harbor Scientific Alpha High-Yield ETF by 16.1% in the first quarter. Independence Asset Advisors LLC now owns 6,258 shares of the company’s stock valued at $279,000 after acquiring an additional 869 shares during the period.

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.