Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) Sees Significant Drop in Short Interest

Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 5,490 shares, a decrease of 38.1% from the June 15th total of 8,868 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,657 shares, the short-interest ratio is currently 3.3 days.

Federated Hermes Short Duration Corporate ETF Stock Down 0.1%

Shares of NYSEARCA FCSH opened at $24.08 on Friday. The stock’s fifty day simple moving average is $24.16 and its two-hundred day simple moving average is $24.34. Federated Hermes Short Duration Corporate ETF has a 12-month low of $24.02 and a 12-month high of $24.64.

Institutional Investors Weigh In On Federated Hermes Short Duration Corporate ETF

An institutional investor recently bought a new position in Federated Hermes Short Duration Corporate ETF stock. Envestnet Asset Management Inc. acquired a new stake in shares of Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,636 shares of the company’s stock, valued at approximately $357,000. Envestnet Asset Management Inc. owned approximately 0.56% of Federated Hermes Short Duration Corporate ETF at the end of the most recent reporting period.

About Federated Hermes Short Duration Corporate ETF

The Federated Hermes Short Duration Corporate ETF (FCSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated investment-grade. FCSH was launched on Dec 16, 2021 and is managed by Federated Hermes.