Harbor AlphaEdge Small Cap Earners ETF (NYSEARCA:EBIT) Stock Short Interest Declines 87.8%

Harbor AlphaEdge Small Cap Earners ETF (NYSEARCA:EBIT) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 1,084 shares, a drop of 87.8% from the October 15th total of 8,857 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 282 shares, the days-to-cover ratio is currently 3.8 days.

Institutional Trading of Harbor AlphaEdge Small Cap Earners ETF

Several hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC raised its stake in shares of Harbor AlphaEdge Small Cap Earners ETF by 10.1% during the second quarter. Citadel Advisors LLC now owns 19,153 shares of the company’s stock valued at $767,000 after purchasing an additional 1,762 shares in the last quarter. Harbour Investments Inc. acquired a new stake in Harbor AlphaEdge Small Cap Earners ETF in the third quarter worth about $28,000. Finally, Petros Family Wealth LLC grew its position in Harbor AlphaEdge Small Cap Earners ETF by 1.2% in the 3rd quarter. Petros Family Wealth LLC now owns 45,902 shares of the company’s stock valued at $1,722,000 after buying an additional 542 shares in the last quarter.

Harbor AlphaEdge Small Cap Earners ETF Trading Up 0.2%

NYSEARCA EBIT traded up $0.06 during trading hours on Wednesday, reaching $38.73. The company’s stock had a trading volume of 312 shares, compared to its average volume of 933. The business has a 50-day simple moving average of $38.69 and a 200 day simple moving average of $38.02. Harbor AlphaEdge Small Cap Earners ETF has a 52 week low of $31.92 and a 52 week high of $40.99. The stock has a market cap of $12.59 million, a PE ratio of 12.66 and a beta of 0.82.

Harbor AlphaEdge Small Cap Earners ETF Company Profile

The Harbor AlphaEdge Small Cap Earners ETF (EBIT) is an exchange-traded fund that is based on the Harbor AlphaEdge Small Cap Earners index. The fund tracks an index comprised of small cap companies in the US selected and weighted according to their profitability. EBIT was launched on Jul 9, 2024 and is issued by Harbor.