Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Sees Significant Decrease in Short Interest

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,406 shares, a decrease of 76.3% from the April 30th total of 5,928 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 16,698 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Federated Hermes MDT Large Cap Value ETF

Institutional investors have recently made changes to their positions in the stock. Stonebridge Financial Group LLC MO purchased a new stake in shares of Federated Hermes MDT Large Cap Value ETF during the first quarter valued at approximately $221,000. Comprehensive Financial Planning Inc. PA boosted its stake in shares of Federated Hermes MDT Large Cap Value ETF by 35.2% during the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 8,330 shares of the company’s stock valued at $259,000 after purchasing an additional 2,168 shares during the period. Capital Analysts LLC boosted its stake in shares of Federated Hermes MDT Large Cap Value ETF by 385.7% during the fourth quarter. Capital Analysts LLC now owns 8,708 shares of the company’s stock valued at $271,000 after purchasing an additional 6,915 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Federated Hermes MDT Large Cap Value ETF by 32.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 41,192 shares of the company’s stock valued at $1,281,000 after purchasing an additional 10,120 shares during the period. Finally, Allegheny Financial Group purchased a new stake in shares of Federated Hermes MDT Large Cap Value ETF during the fourth quarter valued at approximately $1,299,000.

Federated Hermes MDT Large Cap Value ETF Trading Up 0.0%

Shares of NYSEARCA:FLCV traded up $0.01 during trading on Friday, reaching $34.94. 2,688 shares of the company traded hands, compared to its average volume of 11,468. The firm has a market capitalization of $87.35 million, a price-to-earnings ratio of 18.26 and a beta of 0.80. Federated Hermes MDT Large Cap Value ETF has a 52-week low of $28.36 and a 52-week high of $35.03. The business’s fifty day moving average is $33.20 and its 200-day moving average is $32.20.

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.