Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 265,476 shares, an increase of 1,466.0% from the September 30th total of 16,952 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 427,557 shares, the short-interest ratio is currently 0.6 days.
Institutional Investors Weigh In On Federated Hermes Total Return Bond ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. Broadway Wealth Solutions Inc. boosted its position in Federated Hermes Total Return Bond ETF by 5.7% during the third quarter. Broadway Wealth Solutions Inc. now owns 1,229,917 shares of the company’s stock valued at $29,457,000 after buying an additional 66,091 shares during the period. Envestnet Asset Management Inc. boosted its position in Federated Hermes Total Return Bond ETF by 8.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 874,340 shares of the company’s stock valued at $21,942,000 after acquiring an additional 67,693 shares in the last quarter. Wilkerson Advisory Group LLC lifted its position in Federated Hermes Total Return Bond ETF by 6.8% during the first quarter. Wilkerson Advisory Group LLC now owns 594,257 shares of the company’s stock valued at $14,943,000 after buying an additional 37,775 shares during the period. GTS Financial LLC bought a new stake in Federated Hermes Total Return Bond ETF during the first quarter worth about $12,548,000. Finally, Platform Technology Partners grew its stake in shares of Federated Hermes Total Return Bond ETF by 5.4% in the 1st quarter. Platform Technology Partners now owns 480,861 shares of the company’s stock worth $12,091,000 after buying an additional 24,524 shares during the last quarter.
Federated Hermes Total Return Bond ETF Stock Up 0.1%
NYSEARCA FTRB traded up $0.02 on Monday, reaching $24.39. The company had a trading volume of 65,101 shares, compared to its average volume of 178,114. Federated Hermes Total Return Bond ETF has a 52-week low of $23.86 and a 52-week high of $25.79. The company’s fifty day moving average is $24.41 and its 200 day moving average is $25.00. The stock has a market capitalization of $721.94 million, a P/E ratio of 8.09 and a beta of 0.13.
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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