Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) Shares Shorted: Short Interest Up 11,374.6% in September

Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 6,770 shares, a growth of 11,374.6% from the September 15th total of 59 shares. Based on an average daily volume of 1,940 shares, the days-to-cover ratio is presently 3.5 days. Currently, 1.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Harbor Long-Short Equity ETF

An institutional investor recently bought a new stake in Harbor Long-Short Equity ETF stock. Envestnet Asset Management Inc. acquired a new stake in Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,737 shares of the company’s stock, valued at approximately $204,000. Envestnet Asset Management Inc. owned about 1.22% of Harbor Long-Short Equity ETF at the end of the most recent reporting period.

Harbor Long-Short Equity ETF Stock Performance

Shares of NYSEARCA:LSEQ traded up $0.56 on Friday, reaching $34.20. The company’s stock had a trading volume of 324 shares, compared to its average volume of 3,237. The company has a 50-day simple moving average of $34.07 and a 200 day simple moving average of $34.24. Harbor Long-Short Equity ETF has a 52-week low of $27.31 and a 52-week high of $36.02. The company has a market cap of $16.07 million, a P/E ratio of 24.11 and a beta of 0.33.

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.