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

Harbor Scientific Alpha High-Yield ETF (NYSEARCA:SIHY) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,481 shares, a growth of 781.5% from the July 15th total of 168 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,137 shares, the short-interest ratio is currently 0.1 days.

Harbor Scientific Alpha High-Yield ETF Price Performance

NYSEARCA SIHY remained flat at $45.31 on Tuesday. 23,793 shares of the company’s stock were exchanged, compared to its average volume of 27,738. The stock has a 50 day moving average price of $45.42 and a 200-day moving average price of $45.36. Harbor Scientific Alpha High-Yield ETF has a twelve month low of $44.28 and a twelve month high of $46.69.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SIHY. Truist Financial Corp bought a new stake in shares of Harbor Scientific Alpha High-Yield ETF in the 4th quarter worth $343,000. Independence Asset Advisors LLC boosted its stake in shares of Harbor Scientific Alpha High-Yield ETF by 16.1% during 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. Greenwood Capital Associates LLC grew its holdings in Harbor Scientific Alpha High-Yield ETF by 23.3% during the first quarter. Greenwood Capital Associates LLC now owns 12,450 shares of the company’s stock valued at $558,000 after purchasing an additional 2,354 shares during the period. LPL Financial LLC grew its stake in shares of Harbor Scientific Alpha High-Yield ETF by 5.8% during the 4th quarter. LPL Financial LLC now owns 167,551 shares of the company’s stock valued at $7,654,000 after acquiring an additional 9,147 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Harbor Scientific Alpha High-Yield ETF by 17.5% in the fourth quarter. Royal Bank of Canada now owns 80,746 shares of the company’s stock worth $3,688,000 after purchasing an additional 12,048 shares in the last quarter.

About Harbor Scientific Alpha High-Yield ETF

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.