Harbor Long-Short Equity ETF (NYSEARCA:LSEQ) Sees Significant Increase in Short Interest
by Sarita Garza · The Markets DailyHarbor Long-Short Equity ETF (NYSEARCA:LSEQ – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,625 shares, an increase of 275.5% from the July 15th total of 699 shares. Based on an average trading volume of 1,312 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.6% of the shares of the company are sold short.
Harbor Long-Short Equity ETF Price Performance
Harbor Long-Short Equity ETF stock opened at $33.85 on Friday. The stock’s fifty day moving average price is $34.42 and its two-hundred day moving average price is $33.60. The firm has a market cap of $15.23 million, a PE ratio of 24.11 and a beta of 0.31. Harbor Long-Short Equity ETF has a one year low of $26.50 and a one year high of $36.02.
Hedge Funds Weigh In On Harbor Long-Short Equity ETF
A hedge fund recently bought a new stake in Harbor Long-Short Equity ETF stock. Welch & Forbes LLC purchased a new position in shares of Harbor Long-Short Equity ETF (NYSEARCA:LSEQ – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,016 shares of the company’s stock, valued at approximately $387,000. Welch & Forbes LLC owned 2.98% of Harbor Long-Short Equity ETF at the end of the most recent quarter.
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.