Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Update

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 2,340 shares, a decrease of 93.0% from the July 15th total of 33,307 shares. Based on an average daily trading volume, of 11,496 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Federated Hermes Short Duration High Yield ETF Trading Down 0.1%

FHYS stock traded down $0.03 during mid-day trading on Tuesday, hitting $22.93. 13,054 shares of the company were exchanged, compared to its average volume of 19,874. Federated Hermes Short Duration High Yield ETF has a 12-month low of $22.77 and a 12-month high of $23.47. The business has a fifty day simple moving average of $23.07 and a 200-day simple moving average of $23.13.

Hedge Funds Weigh In On Federated Hermes Short Duration High Yield ETF

A number of hedge funds have recently made changes to their positions in FHYS. WFA of San Diego LLC acquired a new position in Federated Hermes Short Duration High Yield ETF during the second quarter worth $1,367,000. Prosperity Financial Group Inc. acquired a new stake in shares of Federated Hermes Short Duration High Yield ETF in the third quarter valued at $968,000. Steward Partners Investment Advisory LLC grew its stake in shares of Federated Hermes Short Duration High Yield ETF by 357.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 49,579 shares of the company’s stock valued at $1,154,000 after buying an additional 38,738 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Federated Hermes Short Duration High Yield ETF in the 4th quarter valued at $562,000. Finally, Kestra Private Wealth Services LLC lifted its stake in Federated Hermes Short Duration High Yield ETF by 134.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 25,326 shares of the company’s stock worth $590,000 after acquiring an additional 14,512 shares in the last quarter.

About Federated Hermes Short Duration High Yield ETF

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.