Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB – Get Free Report) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 33,933 shares, a decline of 94.3% from the April 30th total of 593,997 shares. Based on an average daily trading volume, of 140,262 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Allegheny Financial Group boosted its holdings in Federated Hermes Total Return Bond ETF by 43.4% in the third quarter. Allegheny Financial Group now owns 253,500 shares of the company’s stock valued at $6,436,000 after acquiring an additional 76,667 shares in the last quarter. RMR Wealth Builders boosted its holdings in Federated Hermes Total Return Bond ETF by 24.2% in the third quarter. RMR Wealth Builders now owns 177,888 shares of the company’s stock valued at $4,534,000 after acquiring an additional 34,654 shares in the last quarter. Retirement Planning Group LLC boosted its holdings in Federated Hermes Total Return Bond ETF by 7.7% in the fourth quarter. Retirement Planning Group LLC now owns 989,679 shares of the company’s stock valued at $25,128,000 after acquiring an additional 70,999 shares in the last quarter. Hills Bank & Trust Co boosted its holdings in Federated Hermes Total Return Bond ETF by 4.2% in the fourth quarter. Hills Bank & Trust Co now owns 2,638,018 shares of the company’s stock valued at $66,979,000 after acquiring an additional 107,391 shares in the last quarter. Finally, Broadway Wealth Solutions Inc. boosted its holdings in Federated Hermes Total Return Bond ETF by 6.1% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 1,036,532 shares of the company’s stock valued at $26,318,000 after acquiring an additional 59,699 shares in the last quarter.
Federated Hermes Total Return Bond ETF Stock Performance
Shares of NYSEARCA FTRB traded down $0.04 during mid-day trading on Friday, hitting $25.14. The stock had a trading volume of 66,497 shares, compared to its average volume of 148,024. Federated Hermes Total Return Bond ETF has a 1 year low of $24.74 and a 1 year high of $25.84. The business has a 50 day moving average price of $25.16 and a two-hundred day moving average price of $25.37. The firm has a market cap of $482.69 million, a P/E ratio of 8.09 and a beta of 0.12.
About Federated Hermes Total Return Bond ETF
The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process. FTRB was launched on Jan 2, 2024 and is issued by Federated Hermes.
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