Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Short Interest Update

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 593,997 shares, a growth of 1,518.1% from the April 15th total of 36,710 shares. Based on an average daily volume of 216,923 shares, the short-interest ratio is currently 2.7 days. Currently, 3.1% of the company’s stock are sold short.

Institutional Trading of Federated Hermes Total Return Bond ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Wilkerson Advisory Group LLC raised its position in Federated Hermes Total Return Bond ETF by 6.8% in the first quarter. Wilkerson Advisory Group LLC now owns 594,257 shares of the company’s stock worth $14,943,000 after acquiring an additional 37,775 shares during the period. Beaumont Financial Advisors LLC raised its position in Federated Hermes Total Return Bond ETF by 191.0% in the first quarter. Beaumont Financial Advisors LLC now owns 274,316 shares of the company’s stock worth $6,898,000 after acquiring an additional 180,035 shares during the period. Quantum Portfolio Management LLC raised its position in Federated Hermes Total Return Bond ETF by 3.9% in the first quarter. Quantum Portfolio Management LLC now owns 208,911 shares of the company’s stock worth $5,253,000 after acquiring an additional 7,750 shares during the period. Platform Technology Partners raised its position in Federated Hermes Total Return Bond ETF by 5.4% in the first quarter. Platform Technology Partners now owns 480,861 shares of the company’s stock worth $12,091,000 after acquiring an additional 24,524 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Federated Hermes Total Return Bond ETF by 27.8% in the first quarter. Janney Montgomery Scott LLC now owns 39,634 shares of the company’s stock worth $997,000 after acquiring an additional 8,627 shares during the period.

Federated Hermes Total Return Bond ETF Price Performance

FTRB opened at $25.16 on Tuesday. The company’s 50-day moving average is $25.27 and its 200 day moving average is $25.42. Federated Hermes Total Return Bond ETF has a fifty-two week low of $24.62 and a fifty-two week high of $25.84. The firm has a market capitalization of $483.07 million, a P/E ratio of 8.09 and a beta of 0.12.

About Federated Hermes Total Return Bond ETF

The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process. FTRB was launched on Jan 2, 2024 and is issued by Federated Hermes.