Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) Sees Significant Decrease in Short Interest

Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 168 shares, a drop of 86.5% from the June 30th total of 1,245 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 46,579 shares, the days-to-cover ratio is currently 0.0 days.

Harbor Scientific Alpha High-Yield ETF Stock Performance

SIHY remained flat at $45.13 during midday trading on Friday. 5,490 shares of the company’s stock traded hands, compared to its average volume of 29,294. The stock’s 50 day simple moving average is $45.44 and its 200 day simple moving average is $45.42. Harbor Scientific Alpha High-Yield ETF has a 12-month low of $44.28 and a 12-month high of $46.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. acquired a new stake in Harbor Scientific Alpha High-Yield ETF in the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC acquired a new position in Harbor Scientific Alpha High-Yield ETF during the fourth quarter worth $32,000. International Assets Investment Management LLC bought a new position in shares of Harbor Scientific Alpha High-Yield ETF in the fourth quarter valued at $78,000. HighTower Advisors LLC bought a new position in shares of Harbor Scientific Alpha High-Yield ETF in the fourth quarter valued at $228,000. Finally, Independence Asset Advisors LLC raised its holdings in shares of Harbor Scientific Alpha High-Yield ETF by 16.1% in the 1st quarter. Independence Asset Advisors LLC now owns 6,258 shares of the company’s stock worth $279,000 after acquiring an additional 869 shares during the last quarter.

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.