Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV – Get Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 1,406 shares, a decline of 76.3% from the April 30th total of 5,928 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,698 shares, the days-to-cover ratio is presently 0.1 days.
Federated Hermes MDT Large Cap Value ETF Price Performance
FLCV stock traded up $0.01 during mid-day trading on Friday, reaching $34.94. 2,688 shares of the company traded hands, compared to its average volume of 11,468. The company has a market capitalization of $87.35 million, a P/E ratio of 18.26 and a beta of 0.80. The company has a fifty day moving average price of $33.13 and a 200-day moving average price of $32.17. Federated Hermes MDT Large Cap Value ETF has a 52-week low of $28.36 and a 52-week high of $35.03.
Institutional Trading of Federated Hermes MDT Large Cap Value ETF
A number of large investors have recently modified their holdings of the business. Orion Porfolio Solutions LLC bought a new stake in Federated Hermes MDT Large Cap Value ETF in the 4th quarter worth approximately $3,891,000. Steward Partners Investment Advisory LLC increased its stake in Federated Hermes MDT Large Cap Value ETF by 17.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 436,453 shares of the company’s stock worth $13,578,000 after purchasing an additional 63,601 shares during the period. Allegheny Financial Group purchased a new position in Federated Hermes MDT Large Cap Value ETF in the 4th quarter worth approximately $1,299,000. Commonwealth Equity Services LLC increased its stake in Federated Hermes MDT Large Cap Value ETF by 32.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 41,192 shares of the company’s stock worth $1,281,000 after purchasing an additional 10,120 shares during the period. Finally, Stonebridge Financial Group LLC MO purchased a new position in Federated Hermes MDT Large Cap Value ETF in the 1st quarter worth approximately $221,000.
About Federated Hermes MDT Large Cap Value ETF
The Federated Hermes MDT Large Cap Value ETF (FLCV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies that are deemed undervalued within the Russell 1000 Value Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCV was launched on Jul 30, 2024 and is issued by Federated Hermes.
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