Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) Sees Large Growth in Short Interest

Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 2,625 shares, an increase of 275.5% from the July 15th total of 699 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 1,312 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Harbor Long-Short Equity ETF stock. Welch & Forbes LLC acquired a new stake in Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,016 shares of the company’s stock, valued at approximately $387,000. Welch & Forbes LLC owned approximately 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 opened at $33.74 on Thursday. The stock’s 50-day simple moving average is $34.45 and its 200-day simple moving average is $33.58. The firm has a market capitalization of $15.18 million, a PE ratio of 24.11 and a beta of 0.31. Harbor Long-Short Equity ETF has a fifty-two week low of $26.50 and a fifty-two week high of $36.02.

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.