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) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 7,850 shares, a drop of 46.2% from the December 15th total of 14,593 shares. Based on an average trading volume of 11,965 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 11,965 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FHYS. Kestra Private Wealth Services LLC bought a new stake in Federated Hermes Short Duration High Yield ETF during the 3rd quarter worth approximately $252,000. Prosperity Financial Group Inc. bought a new position in shares of Federated Hermes Short Duration High Yield ETF during the third quarter valued at $968,000. Envestnet Asset Management Inc. lifted 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 purchasing an additional 670 shares during the period. Truist Financial Corp bought a new stake in shares of Federated Hermes Short Duration High Yield ETF in the third quarter worth $1,052,000. Finally, DAVENPORT & Co LLC grew its stake 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 worth $648,000 after purchasing an additional 1,459 shares during the last quarter.

Federated Hermes Short Duration High Yield ETF Price Performance

FHYS traded up $0.02 on Thursday, reaching $23.35. The stock had a trading volume of 39,461 shares, compared to its average volume of 32,646. Federated Hermes Short Duration High Yield ETF has a fifty-two week low of $22.10 and a fifty-two week high of $23.47. The firm has a 50-day moving average of $23.32 and a 200-day moving average of $23.27.

Federated Hermes Short Duration High Yield ETF Company Profile

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.