Harbor Scientific Alpha Income ETF (NYSEARCA:SIFI) Stock Short Interest Declines 88.5%

Harbor Scientific Alpha Income ETF (NYSEARCA:SIFI) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 21 shares, a decline of 88.5% from the October 15th total of 182 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 64 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Harbor Scientific Alpha Income ETF

A hedge fund recently raised its stake in Harbor Scientific Alpha Income ETF stock. Citadel Advisors LLC boosted its position in shares of Harbor Scientific Alpha Income ETF (NYSEARCA:SIFI) by 12.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,577 shares of the company’s stock after purchasing an additional 601 shares during the period. Citadel Advisors LLC owned approximately 0.72% of Harbor Scientific Alpha Income ETF worth $244,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 58.11% of the company’s stock.

Harbor Scientific Alpha Income ETF Price Performance

Shares of SIFI stock remained flat at $42.24 during trading hours on Wednesday. The stock had a trading volume of 14 shares, compared to its average volume of 1,285. Harbor Scientific Alpha Income ETF has a fifty-two week low of $41.94 and a fifty-two week high of $44.66. The stock has a market capitalization of $23.23 million, a P/E ratio of 46.42 and a beta of 0.27. The company’s fifty day simple moving average is $42.44 and its two-hundred day simple moving average is $43.31.

About Harbor Scientific Alpha Income ETF

The Harbor Scientific Alpha Income ETF (SIFI) is an exchange-traded fund that is based on the The Bloomberg U.S. Aggregate Bond index. The fund is an actively managed fund that invests in a wide array of fixed income securities of any maturity and credit quality selected using a proprietary quantitative method. SIFI was launched on Sep 14, 2021 and is managed by Harbor.