Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) Short Interest Up 217.2% in August

Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 8,326 shares, an increase of 217.2% from the July 30th total of 2,625 shares. Approximately 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 3,723 shares, the days-to-cover ratio is presently 2.2 days.

Hedge Funds Weigh In On Harbor Long-Short Equity ETF

A hedge fund recently bought a new position in Harbor Long-Short Equity ETF stock. Envestnet Asset Management Inc. acquired a new stake in shares of Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,861 shares of the company’s stock, valued at approximately $334,000. Envestnet Asset Management Inc. owned about 1.69% of Harbor Long-Short Equity ETF at the end of the most recent quarter.

Harbor Long-Short Equity ETF Price Performance

LSEQ stock remained flat at $35.29 during midday trading on Thursday. 68 shares of the company’s stock were exchanged, compared to its average volume of 3,460. Harbor Long-Short Equity ETF has a 12 month low of $26.50 and a 12 month high of $36.02. The stock has a market capitalization of $15.88 million, a P/E ratio of 24.11 and a beta of 0.31. The company’s 50-day moving average price is $34.40 and its 200 day moving average price is $33.85.

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.