Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) Short Interest Update

Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 17,454 shares, a decrease of 73.6% from the June 30th total of 66,031 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 83,727 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wilkerson Advisory Group LLC acquired a new position in Federated Hermes MDT Large Cap Growth ETF during the 4th quarter worth approximately $31,000. SHP Wealth Management acquired a new position in shares of Federated Hermes MDT Large Cap Growth ETF during the 4th quarter worth approximately $87,000. Capital Analysts LLC lifted its position in shares of Federated Hermes MDT Large Cap Growth ETF by 11.9% in the fourth quarter. Capital Analysts LLC now owns 12,795 shares of the company’s stock valued at $424,000 after acquiring an additional 1,357 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Federated Hermes MDT Large Cap Growth ETF during the 1st quarter worth about $545,000. Finally, Kestra Private Wealth Services LLC acquired a new stake in Federated Hermes MDT Large Cap Growth ETF during the fourth quarter worth approximately $635,000.

Federated Hermes MDT Large Cap Growth ETF Stock Performance

NYSEARCA FLCG opened at $33.14 on Tuesday. Federated Hermes MDT Large Cap Growth ETF has a one year low of $28.69 and a one year high of $35.46. The firm’s fifty day moving average is $33.78 and its two-hundred day moving average is $32.60. The firm has a market cap of $560.07 million, a PE ratio of 32.19 and a beta of 1.20.

Federated Hermes MDT Large Cap Growth ETF Company Profile

The Federated Hermes MDT Large Cap Growth ETF (FLCG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies with higher forecasted growth values that are within the Russell 1000 Growth Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCG was launched on Jul 30, 2024 and is issued by Federated Hermes.