Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) Sees Significant Drop in Short Interest

Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 329 shares, a drop of 96.0% from the August 15th total of 8,326 shares. Based on an average daily trading volume, of 494 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Harbor Long-Short Equity ETF

An institutional investor recently bought a new stake in Harbor Long-Short Equity ETF stock. Welch & Forbes LLC acquired a new position in shares of Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,016 shares of the company’s stock, valued at approximately $387,000. Welch & Forbes LLC owned about 2.98% of Harbor Long-Short Equity ETF at the end of the most recent reporting period.

Harbor Long-Short Equity ETF Stock Performance

Shares of NYSEARCA LSEQ traded down $0.27 during trading on Thursday, reaching $34.05. The stock had a trading volume of 8,257 shares, compared to its average volume of 3,342. The stock has a market cap of $15.32 million, a PE ratio of 24.11 and a beta of 0.31. Harbor Long-Short Equity ETF has a one year low of $26.50 and a one year high of $36.02. The firm’s 50 day moving average price is $34.27 and its two-hundred day moving average price is $34.06.

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.