Short Interest in Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) Grows By 598.8%

Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 2,313 shares, a growth of 598.8% from the February 26th total of 331 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 47,523 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 47,523 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

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

Several institutional investors have recently bought and sold shares of the stock. 1620 Investment Advisors Inc. acquired a new stake in shares of Harbor Scientific Alpha High-Yield ETF in the fourth quarter worth about $28,000. Global Retirement Partners LLC acquired a new position in shares of Harbor Scientific Alpha High-Yield ETF during the 4th quarter valued at about $32,000. International Assets Investment Management LLC bought a new position in shares of Harbor Scientific Alpha High-Yield ETF in the 4th quarter valued at approximately $78,000. Steward Partners Investment Advisory LLC acquired a new stake in Harbor Scientific Alpha High-Yield ETF in the 2nd quarter worth approximately $197,000. Finally, HighTower Advisors LLC acquired a new stake in Harbor Scientific Alpha High-Yield ETF in the 4th quarter worth approximately $228,000.

Harbor Scientific Alpha High-Yield ETF Stock Performance

Shares of SIHY traded down $0.11 during mid-day trading on Tuesday, hitting $44.56. 10,884 shares of the company’s stock were exchanged, compared to its average volume of 33,419. The firm has a fifty day moving average of $45.53 and a two-hundred day moving average of $45.84. Harbor Scientific Alpha High-Yield ETF has a twelve month low of $42.38 and a twelve month high of $46.69.

Harbor Scientific Alpha High-Yield ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.2192 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Monday, March 2nd.

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.