Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG – Get Free Report) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 5,611 shares, a drop of 48.4% from the April 15th total of 10,879 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 41,828 shares, the short-interest ratio is presently 0.1 days.
Institutional Trading of Federated Hermes MDT Large Cap Growth ETF
Several hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in Federated Hermes MDT Large Cap Growth ETF by 0.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,630,122 shares of the company’s stock valued at $219,258,000 after acquiring an additional 30,340 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Federated Hermes MDT Large Cap Growth ETF by 24.3% during the 1st quarter. Kestra Advisory Services LLC now owns 979,209 shares of the company’s stock worth $29,278,000 after purchasing an additional 191,570 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Federated Hermes MDT Large Cap Growth ETF during the 4th quarter worth $19,330,000. MML Investors Services LLC grew its holdings in shares of Federated Hermes MDT Large Cap Growth ETF by 8.4% during the 4th quarter. MML Investors Services LLC now owns 310,793 shares of the company’s stock worth $10,278,000 after purchasing an additional 24,099 shares in the last quarter. Finally, Stegent Equity Advisors Inc. grew its holdings in shares of Federated Hermes MDT Large Cap Growth ETF by 89.2% during the 4th quarter. Stegent Equity Advisors Inc. now owns 173,058 shares of the company’s stock worth $5,723,000 after purchasing an additional 81,574 shares in the last quarter.
Federated Hermes MDT Large Cap Growth ETF Stock Performance
NYSEARCA:FLCG traded down $0.25 during mid-day trading on Monday, hitting $34.12. 9,394 shares of the stock were exchanged, compared to its average volume of 101,687. The stock has a market capitalization of $501.56 million, a price-to-earnings ratio of 32.19 and a beta of 1.18. The firm’s 50-day simple moving average is $31.86 and its 200 day simple moving average is $32.29. Federated Hermes MDT Large Cap Growth ETF has a fifty-two week low of $27.77 and a fifty-two week high of $34.73.
About Federated Hermes MDT Large Cap Growth ETF
The Federated Hermes MDT Large Cap Growth ETF (FLCG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies with higher forecasted growth values that are within the Russell 1000 Growth Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCG was launched on Jul 30, 2024 and is issued by Federated Hermes.
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