Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV – Get Free Report) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 6,030 shares, a growth of 328.9% from the May 14th total of 1,406 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 5,374 shares, the short-interest ratio is currently 1.1 days.
Hedge Funds Weigh In On Federated Hermes MDT Large Cap Value ETF
Institutional investors have recently made changes to their positions in the business. Allegheny Financial Group bought a new position in shares of Federated Hermes MDT Large Cap Value ETF in the fourth quarter worth about $1,299,000. Eastern Bank increased its stake in shares of Federated Hermes MDT Large Cap Value ETF by 1.8% in the fourth quarter. Eastern Bank now owns 84,638 shares of the company’s stock worth $2,633,000 after purchasing an additional 1,464 shares during the period. Steward Partners Investment Advisory LLC grew its position in Federated Hermes MDT Large Cap Value ETF by 17.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 436,453 shares of the company’s stock worth $13,578,000 after buying an additional 63,601 shares in the last quarter. Orion Porfolio Solutions LLC acquired a new stake in Federated Hermes MDT Large Cap Value ETF during the fourth quarter worth about $3,891,000. Finally, Commonwealth Equity Services LLC grew its position in Federated Hermes MDT Large Cap Value ETF by 32.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 41,192 shares of the company’s stock worth $1,281,000 after buying an additional 10,120 shares in the last quarter.
Federated Hermes MDT Large Cap Value ETF Stock Performance
Federated Hermes MDT Large Cap Value ETF stock opened at $35.46 on Friday. The business’s 50-day simple moving average is $33.94 and its 200-day simple moving average is $32.53. The firm has a market capitalization of $88.65 million, a PE ratio of 18.26 and a beta of 0.77. Federated Hermes MDT Large Cap Value ETF has a 52 week low of $28.54 and a 52 week high of $35.52.
Federated Hermes MDT Large Cap Value ETF Company Profile
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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