Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS – Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 7,025 shares, an increase of 619.8% from the August 15th total of 976 shares. Based on an average trading volume of 26,653 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.
Hedge Funds Weigh In On Federated Hermes Short Duration High Yield ETF
Institutional investors have recently made changes to their positions in the stock. WFA of San Diego LLC bought a new position in shares of Federated Hermes Short Duration High Yield ETF in the 2nd quarter worth $1,367,000. Steward Partners Investment Advisory LLC grew its stake in shares of Federated Hermes Short Duration High Yield ETF by 357.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 49,579 shares of the company’s stock worth $1,154,000 after acquiring an additional 38,738 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Federated Hermes Short Duration High Yield ETF by 27.0% in the fourth quarter. LPL Financial LLC now owns 47,408 shares of the company’s stock valued at $1,104,000 after purchasing an additional 10,071 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Federated Hermes Short Duration High Yield ETF by 10.4% in the second quarter. Osaic Holdings Inc. now owns 46,237 shares of the company’s stock valued at $1,074,000 after purchasing an additional 4,351 shares during the last quarter. Finally, Prosperity Financial Group Inc. bought a new position in shares of Federated Hermes Short Duration High Yield ETF during the third quarter valued at about $968,000.
Federated Hermes Short Duration High Yield ETF Trading Up 0.0%
FHYS traded up $0.01 during trading on Friday, reaching $22.86. 7,206 shares of the company’s stock were exchanged, compared to its average volume of 20,326. Federated Hermes Short Duration High Yield ETF has a one year low of $22.77 and a one year high of $23.47. The firm has a fifty day moving average price of $23.01 and a two-hundred day moving average price of $23.07.
About Federated Hermes Short Duration High Yield ETF
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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