Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Sees Large Drop in Short Interest

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 976 shares, a decrease of 58.3% from the July 30th total of 2,340 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 31,198 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Federated Hermes Short Duration High Yield ETF

Hedge funds have recently bought and sold shares of the business. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Federated Hermes Short Duration High Yield ETF in the first quarter worth approximately $45,000. Creative Financial Designs Inc. ADV raised its position in Federated Hermes Short Duration High Yield ETF by 25.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the company’s stock valued at $58,000 after acquiring an additional 500 shares in the last quarter. Capital Analysts LLC raised its position in Federated Hermes Short Duration High Yield ETF by 1,202.9% during the fourth quarter. Capital Analysts LLC now owns 4,417 shares of the company’s stock valued at $103,000 after acquiring an additional 4,078 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Federated Hermes Short Duration High Yield ETF in the first quarter valued at approximately $203,000. Finally, Kestra Private Wealth Services LLC acquired a new stake in shares of Federated Hermes Short Duration High Yield ETF in the 3rd quarter valued at $252,000.

Federated Hermes Short Duration High Yield ETF Stock Down 0.1%

Shares of Federated Hermes Short Duration High Yield ETF stock traded down $0.03 on Friday, reaching $23.10. 8,569 shares of the company were exchanged, compared to its average volume of 20,293. The stock has a fifty day moving average price of $23.05 and a 200-day moving average price of $23.10. Federated Hermes Short Duration High Yield ETF has a fifty-two week low of $22.77 and a fifty-two week high of $23.47.

Federated Hermes Short Duration High Yield ETF Company Profile

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.