Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH – Get Free Report) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 11,083 shares, a decline of 47.0% from the September 30th total of 20,898 shares. Based on an average trading volume of 1,262 shares, the short-interest ratio is currently 8.8 days. Approximately 0.4% of the company’s stock are sold short.
Institutional Investors Weigh In On Federated Hermes Short Duration Corporate ETF
A hedge fund recently raised its stake in Federated Hermes Short Duration Corporate ETF stock. Cordgrass Capital Advisors LLC boosted its holdings in shares of Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH – Free Report) by 80.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,222 shares of the company’s stock after acquiring an additional 992 shares during the quarter. Cordgrass Capital Advisors LLC owned approximately 0.08% of Federated Hermes Short Duration Corporate ETF worth $52,000 at the end of the most recent reporting period.
Federated Hermes Short Duration Corporate ETF Price Performance
FCSH traded down $0.06 during trading on Friday, reaching $23.81. 1,728 shares of the stock traded hands, compared to its average volume of 1,725. The stock’s 50-day simple moving average is $23.81 and its two-hundred day simple moving average is $24.16. Federated Hermes Short Duration Corporate ETF has a fifty-two week low of $23.57 and a fifty-two week high of $24.64.
About Federated Hermes Short Duration Corporate ETF
The Federated Hermes Short Duration Corporate ETF (FCSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated investment-grade. FCSH was launched on Dec 16, 2021 and is managed by Federated Hermes.
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