Short Interest in Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) Decreases By 91.2%

Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 492 shares, a decline of 91.2% from the May 31st total of 5,590 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 3,666 shares, the short-interest ratio is presently 0.1 days.

Harbor Long-Short Equity ETF Stock Down 0.6%

NYSEARCA LSEQ traded down $0.23 during trading hours on Friday, hitting $35.58. The company’s stock had a trading volume of 855 shares, compared to its average volume of 4,044. The stock has a fifty day moving average of $34.56 and a 200 day moving average of $32.25. Harbor Long-Short Equity ETF has a twelve month low of $26.50 and a twelve month high of $36.02. The firm has a market capitalization of $16.01 million, a P/E ratio of 24.11 and a beta of 0.31.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Welch & Forbes LLC bought a new position in shares of Harbor Long-Short Equity ETF in the 4th quarter worth $387,000. MassMutual Private Wealth & Trust FSB bought a new stake in Harbor Long-Short Equity ETF in the fourth quarter valued at about $387,000. Finally, Envestnet Asset Management Inc. bought a new stake in Harbor Long-Short Equity ETF in the third quarter valued at about $334,000.

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.