Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Sees Large Increase in Short Interest

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 68,088 shares, an increase of 47.7% from the July 30th total of 46,100 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 105,892 shares, the days-to-cover ratio is presently 0.6 days.

Federated Hermes Total Return Bond ETF Stock Down 0.1%

Shares of NYSEARCA:FTRB traded down $0.03 during midday trading on Tuesday, reaching $24.66. 169,022 shares of the company traded hands, compared to its average volume of 141,545. The firm’s fifty day moving average price is $24.90 and its two-hundred day moving average price is $25.13. The firm has a market capitalization of $594.31 million, a price-to-earnings ratio of 8.09 and a beta of 0.12. Federated Hermes Total Return Bond ETF has a 12 month low of $24.65 and a 12 month high of $25.84.

Institutional Investors Weigh In On Federated Hermes Total Return Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC boosted its position in shares of Federated Hermes Total Return Bond ETF by 277.9% in the first quarter. Jane Street Group LLC now owns 65,221 shares of the company’s stock valued at $1,634,000 after acquiring an additional 47,962 shares during the period. Raymond James Financial Inc. increased its holdings in Federated Hermes Total Return Bond ETF by 1,493.6% during the 2nd quarter. Raymond James Financial Inc. now owns 890,977 shares of the company’s stock worth $22,364,000 after acquiring an additional 835,066 shares during the period. Semmax Financial Advisors Inc. purchased a new stake in Federated Hermes Total Return Bond ETF in the 2nd quarter worth approximately $123,000. Citadel Advisors LLC lifted its stake in Federated Hermes Total Return Bond ETF by 67.6% in the 3rd quarter. Citadel Advisors LLC now owns 102,192 shares of the company’s stock worth $2,595,000 after purchasing an additional 41,226 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in Federated Hermes Total Return Bond ETF by 13.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 169,396 shares of the company’s stock valued at $4,301,000 after purchasing an additional 19,869 shares during the period.

About Federated Hermes Total Return Bond ETF

The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process. FTRB was launched on Jan 2, 2024 and is issued by Federated Hermes.