(SIHY) Harbor Trust - Harbor - Ratings and Ratios

Harbor Scientific Alpha High Yield ETF (NYSE ARCA: SIHY) is an exchange-traded fund designed to capture returns from the high-yield corporate bond market. Under normal market conditions, the fund allocates at least 80% of its net assets, plus borrowings for investment purposes, to a portfolio of below-investment-grade corporate bonds. These are commonly referred to as high yield or junk bonds. The fund may also invest in unrated securities that BlueCove Limited deems to be of equivalent credit quality. Derivative instruments, such as futures and swaps, may be used to gain or hedge exposure to these securities.

The fund primarily focuses on U.S. dollar-denominated securities, which may include issuances from foreign entities. This structure allows for diversification across geographic regions while maintaining exposure to the U.S. high-yield market. The ETF is categorized under the high-yield bond segment, targeting investors seeking income through higher-yielding debt instruments, though with elevated credit risk compared to investment-grade bonds.

Based on the provided data, the 3-month forecast for Harbor Scientific Alpha High Yield ETF (SIHY) suggests a period of relatively stable trading. The funds short-term moving averages (SMA 20: 45.94, SMA 50: 45.70) indicate a slight upward trend, while the longer-term SMA 200 (44.63) reflects a broader upward trajectory. The Average True Range (ATR: 0.28) signals moderate volatility, suggesting price movements will likely remain contained within a narrow range. With an AUM of $184.84M, the fund has established a modest scale, which may support liquidity but could also limit rapid growth in assets under management. Overall, the technical and fundamental data point to a sideways to slightly bullish outlook over the next quarter.