Harbor Long-Short Equity ETF (NYSEARCA:LSEQ – Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 5,590 shares, a decrease of 42.8% from the May 14th total of 9,768 shares. Based on an average daily volume of 2,337 shares, the short-interest ratio is currently 2.4 days. Approximately 1.2% of the shares of the company are short sold.
Hedge Funds Weigh In On Harbor Long-Short Equity ETF
Hedge funds have recently made changes to their positions in the business. Welch & Forbes LLC acquired a new position in shares of Harbor Long-Short Equity ETF in the 4th quarter valued at $387,000. Envestnet Asset Management Inc. acquired a new position in shares of Harbor Long-Short Equity ETF in the 3rd quarter valued at $334,000. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Harbor Long-Short Equity ETF in the 4th quarter valued at $387,000. Finally, HighTower Advisors LLC raised its stake in shares of Harbor Long-Short Equity ETF by 1.8% in the 3rd quarter. HighTower Advisors LLC now owns 190,560 shares of the company’s stock valued at $5,369,000 after buying an additional 3,336 shares in the last quarter.
Harbor Long-Short Equity ETF Price Performance
Shares of Harbor Long-Short Equity ETF stock opened at $35.78 on Friday. Harbor Long-Short Equity ETF has a fifty-two week low of $26.50 and a fifty-two week high of $35.94. The firm has a fifty day moving average price of $34.27 and a two-hundred day moving average price of $31.78. The company has a market cap of $16.10 million, a PE ratio of 24.11 and a beta of 0.31.
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.
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