Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Down 46.2% in December

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 7,850 shares, a decline of 46.2% from the December 15th total of 14,593 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,965 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 11,965 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the shares of the stock are sold short.

Federated Hermes Short Duration High Yield ETF Trading Up 0.0%

Federated Hermes Short Duration High Yield ETF stock traded up $0.01 during mid-day trading on Friday, reaching $23.36. The company had a trading volume of 16,756 shares, compared to its average volume of 31,196. The stock’s 50-day simple moving average is $23.32 and its 200-day simple moving average is $23.27. Federated Hermes Short Duration High Yield ETF has a 1 year low of $22.10 and a 1 year high of $23.47.

Hedge Funds Weigh In On Federated Hermes Short Duration High Yield ETF

Hedge funds have recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV purchased a new stake in shares of Federated Hermes Short Duration High Yield ETF in the second quarter valued at $46,000. Steward Partners Investment Advisory LLC lifted its holdings in Federated Hermes Short Duration High Yield ETF by 2,421.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 10,841 shares of the company’s stock valued at $252,000 after purchasing an additional 10,411 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new stake in shares of Federated Hermes Short Duration High Yield ETF during the 3rd quarter worth about $252,000. Envestnet Asset Management Inc. grew its holdings in shares of Federated Hermes Short Duration High Yield ETF by 2.7% during the third quarter. Envestnet Asset Management Inc. now owns 25,394 shares of the company’s stock worth $591,000 after buying an additional 670 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its position in shares of Federated Hermes Short Duration High Yield ETF by 5.5% in the third quarter. DAVENPORT & Co LLC now owns 27,862 shares of the company’s stock valued at $648,000 after buying an additional 1,459 shares during the last quarter.

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.