Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) Stock Short Interest Declines 60.7%

Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 2,663 shares, a drop of 60.7% from the September 30th total of 6,770 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 2,591 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Harbor Long-Short Equity ETF

A hedge fund recently bought a new stake in Harbor Long-Short Equity ETF stock. Envestnet Asset Management Inc. purchased a new stake in Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,737 shares of the company’s stock, valued at approximately $204,000. Envestnet Asset Management Inc. owned 1.22% of Harbor Long-Short Equity ETF at the end of the most recent quarter.

Harbor Long-Short Equity ETF Trading Down 0.2%

Shares of NYSEARCA LSEQ traded down $0.08 during trading on Friday, reaching $34.73. 666 shares of the company traded hands, compared to its average volume of 3,037. The firm’s fifty day simple moving average is $34.39 and its 200 day simple moving average is $33.66. The stock has a market cap of $17.36 million, a P/E ratio of 24.11 and a beta of 0.33. Harbor Long-Short Equity ETF has a 12-month low of $27.57 and a 12-month high of $36.02.

About Harbor Long-Short Equity ETF

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.