Short Interest in Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) Drops By 73.4%

Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,587 shares, a drop of 73.4% from the August 15th total of 5,970 shares. Based on an average trading volume of 17,313 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Harbor Scientific Alpha High-Yield ETF Trading Up 0.0%

Harbor Scientific Alpha High-Yield ETF stock traded up $0.02 during midday trading on Friday, reaching $44.96. 9,570 shares of the stock traded hands, compared to its average volume of 27,467. The firm has a fifty day moving average price of $45.32 and a two-hundred day moving average price of $45.26. Harbor Scientific Alpha High-Yield ETF has a fifty-two week low of $44.28 and a fifty-two week high of $46.69.

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

Several hedge funds and other institutional investors have recently made changes to their positions in SIHY. Royal Bank of Canada increased its position in Harbor Scientific Alpha High-Yield ETF by 20.6% in the 1st quarter. Royal Bank of Canada now owns 52,054 shares of the company’s stock valued at $2,324,000 after acquiring an additional 8,898 shares during the period. Jane Street Group LLC grew its stake in shares of Harbor Scientific Alpha High-Yield ETF by 133.9% in the first quarter. Jane Street Group LLC now owns 48,823 shares of the company’s stock worth $2,180,000 after purchasing an additional 27,950 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Harbor Scientific Alpha High-Yield ETF by 24.4% during the second quarter. JPMorgan Chase & Co. now owns 100,432 shares of the company’s stock valued at $4,629,000 after purchasing an additional 19,688 shares during the period. Truist Financial Corp acquired a new position in shares of Harbor Scientific Alpha High-Yield ETF during the fourth quarter valued at $343,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Harbor Scientific Alpha High-Yield ETF during the fourth quarter valued at about $78,000.

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.