Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC – Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 346,465 shares, an increase of 1,513.3% from the September 30th total of 21,476 shares. Based on an average daily volume of 124,510 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.7% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its position in Federated Hermes MDT Small Cap Core ETF by 62.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,091,662 shares of the company’s stock valued at $40,752,000 after acquiring an additional 421,068 shares during the last quarter. Arkadios Wealth Advisors bought a new position in shares of Federated Hermes MDT Small Cap Core ETF during the 1st quarter valued at $943,000. Waverly Advisors LLC purchased a new position in Federated Hermes MDT Small Cap Core ETF in the 1st quarter worth $210,000. Johnson Financial Group Inc. purchased a new position in Federated Hermes MDT Small Cap Core ETF in the 1st quarter worth $362,000. Finally, Sanctuary Advisors LLC grew its stake in shares of Federated Hermes MDT Small Cap Core ETF by 27.3% during the first quarter. Sanctuary Advisors LLC now owns 13,290 shares of the company’s stock valued at $395,000 after buying an additional 2,850 shares during the last quarter.
Federated Hermes MDT Small Cap Core ETF Price Performance
FSCC stock traded up $0.05 during midday trading on Wednesday, reaching $34.02. The company had a trading volume of 10,455 shares, compared to its average volume of 73,766. The firm has a 50-day moving average price of $34.50 and a 200-day moving average price of $33.56. The company has a market capitalization of $445.65 million, a P/E ratio of 15.80 and a beta of 1.25. Federated Hermes MDT Small Cap Core ETF has a 1 year low of $27.83 and a 1 year high of $37.52.
About Federated Hermes MDT Small Cap Core ETF
The Federated Hermes MDT Small Cap Core ETF (FSCC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is actively managed, investing primarily in small-cap US companies within the Russell 2000 Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FSCC was launched on Jul 30, 2024 and is issued by Federated Hermes.
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