Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) Stock Short Interest Falls 60.7%

Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 2,663 shares, a decline of 60.7% from the September 30th total of 6,770 shares. Based on an average daily trading volume, of 2,591 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On Harbor Long-Short Equity ETF

A hedge fund recently bought a new position in Harbor Long-Short Equity ETF stock. Envestnet Asset Management Inc. purchased a new stake in Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,737 shares of the company’s stock, valued at approximately $204,000. Envestnet Asset Management Inc. owned 1.22% of Harbor Long-Short Equity ETF as of its most recent SEC filing.

Harbor Long-Short Equity ETF Trading Down 0.9%

LSEQ stock opened at $34.70 on Thursday. Harbor Long-Short Equity ETF has a one year low of $27.57 and a one year high of $36.02. The firm has a 50-day moving average of $34.40 and a two-hundred day moving average of $33.60. The firm has a market capitalization of $17.35 million, a PE ratio of 24.11 and a beta of 0.33.

Harbor Long-Short Equity ETF Company Profile

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.