Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) Sees Significant Decrease in Short Interest

Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) was the recipient of a large decline in short interest in 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. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 46,579 shares, the short-interest ratio is currently 0.0 days.

Harbor Scientific Alpha High-Yield ETF Price Performance

Shares of SIHY stock remained flat at $45.13 on Friday. 5,490 shares of the stock traded hands, compared to its average volume of 29,294. The company’s 50-day moving average is $45.44 and its 200 day moving average is $45.42. Harbor Scientific Alpha High-Yield ETF has a 52 week low of $44.28 and a 52 week high of $46.69.

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

A number of hedge funds and other institutional investors have recently modified their holdings of SIHY. Royal Bank of Canada lifted its holdings in Harbor Scientific Alpha High-Yield ETF by 20.6% during the first quarter. Royal Bank of Canada now owns 52,054 shares of the company’s stock worth $2,324,000 after acquiring an additional 8,898 shares during the period. Jane Street Group LLC grew its stake in Harbor Scientific Alpha High-Yield ETF by 133.9% in 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 period. 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. Worth Financial Advisory Group LLC bought a new stake in shares of Harbor Scientific Alpha High-Yield ETF during the 4th quarter worth $291,000. Finally, Flagship Harbor Advisors LLC boosted its holdings in shares of Harbor Scientific Alpha High-Yield ETF by 3.7% in the 4th quarter. Flagship Harbor Advisors LLC now owns 69,673 shares of the company’s stock worth $3,183,000 after buying an additional 2,457 shares during the last quarter.

Harbor Scientific Alpha High-Yield ETF Company Profile

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.