Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV – Get Free Report) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 9,113 shares, an increase of 159.0% from the June 15th total of 3,518 shares. Based on an average daily trading volume, of 19,996 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.
Institutional Trading of Federated Hermes MDT Large Cap Value ETF
Several hedge funds have recently modified their holdings of the stock. Stonebridge Financial Group LLC MO acquired a new stake in shares of Federated Hermes MDT Large Cap Value ETF in the first quarter valued at approximately $221,000. Comprehensive Financial Planning Inc. PA lifted its holdings in Federated Hermes MDT Large Cap Value ETF by 35.2% during the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 8,330 shares of the company’s stock worth $259,000 after buying an additional 2,168 shares in the last quarter. Capital Analysts LLC lifted its holdings in Federated Hermes MDT Large Cap Value ETF by 385.7% during the 4th quarter. Capital Analysts LLC now owns 8,708 shares of the company’s stock worth $271,000 after buying an additional 6,915 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Federated Hermes MDT Large Cap Value ETF by 32.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 41,192 shares of the company’s stock valued at $1,281,000 after buying an additional 10,120 shares during the last quarter. Finally, Allegheny Financial Group bought a new position in Federated Hermes MDT Large Cap Value ETF in the 4th quarter valued at $1,299,000.
Federated Hermes MDT Large Cap Value ETF Stock Up 0.3%
Shares of NYSEARCA FLCV opened at $35.99 on Tuesday. The firm’s 50-day simple moving average is $35.05 and its 200 day simple moving average is $33.21. The company has a market cap of $115.17 million, a price-to-earnings ratio of 18.26 and a beta of 0.74. Federated Hermes MDT Large Cap Value ETF has a 12-month low of $29.20 and a 12-month high of $36.10.
About Federated Hermes MDT Large Cap Value ETF
The Federated Hermes MDT Large Cap Value ETF (FLCV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies that are deemed undervalued within the Russell 1000 Value Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCV was launched on Jul 30, 2024 and is issued by Federated Hermes.
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