Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS – Get Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 2,340 shares, a decrease of 93.0% from the July 15th total of 33,307 shares. Based on an average daily trading volume, of 11,496 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.
Federated Hermes Short Duration High Yield ETF Stock Performance
FHYS stock traded down $0.03 during midday trading on Tuesday, hitting $22.93. The company’s stock had a trading volume of 13,054 shares, compared to its average volume of 19,874. Federated Hermes Short Duration High Yield ETF has a 52-week low of $22.77 and a 52-week high of $23.47. The firm has a 50-day simple moving average of $23.07 and a 200-day simple moving average of $23.13.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV increased its holdings in Federated Hermes Short Duration High Yield ETF by 25.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the company’s stock worth $58,000 after purchasing an additional 500 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Federated Hermes Short Duration High Yield ETF by 2.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 25,394 shares of the company’s stock valued at $591,000 after buying an additional 670 shares during the period. Jane Street Group LLC boosted its stake in shares of Federated Hermes Short Duration High Yield ETF by 2.8% in the 4th quarter. Jane Street Group LLC now owns 28,923 shares of the company’s stock valued at $673,000 after buying an additional 797 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of Federated Hermes Short Duration High Yield ETF during the first quarter worth about $45,000. Finally, Capital Analysts LLC increased its stake in shares of Federated Hermes Short Duration High Yield ETF by 1,202.9% during the fourth quarter. Capital Analysts LLC now owns 4,417 shares of the company’s stock worth $103,000 after buying an additional 4,078 shares during the period.
Federated Hermes Short Duration High Yield ETF Company Profile
The Federated Hermes Short Duration High Yield ETF (FHYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated below investment-grade. FHYS was launched on Dec 16, 2021 and is managed by Federated Hermes.
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