Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Short Interest Update

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 130,309 shares, a drop of 63.8% from the August 31st total of 360,016 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 233,216 shares, the short-interest ratio is currently 0.6 days.

Federated Hermes Total Return Bond ETF Stock Down 0.1%

NYSEARCA FTRB traded down $0.02 on Friday, reaching $24.18. The stock had a trading volume of 224,207 shares, compared to its average volume of 165,688. The firm has a market capitalization of $623.84 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 $24.12 and a 12-month high of $25.79. The stock has a fifty day moving average price of $24.69 and a two-hundred day moving average price of $24.98.

Institutional Investors Weigh In On Federated Hermes Total Return Bond ETF

Institutional investors have recently modified their holdings of the company. First United Bank & Trust purchased a new position in Federated Hermes Total Return Bond ETF during the 1st quarter valued at about $254,000. Rehmann Capital Advisory Group increased its stake in Federated Hermes Total Return Bond ETF by 11.9% during the second quarter. Rehmann Capital Advisory Group now owns 10,355 shares of the company’s stock worth $260,000 after purchasing an additional 1,102 shares during the period. OLD Second National Bank of Aurora increased its stake in Federated Hermes Total Return Bond ETF by 13.4% during the first quarter. OLD Second National Bank of Aurora now owns 14,601 shares of the company’s stock worth $367,000 after purchasing an additional 1,728 shares during the period. First Citizens Financial Corp lifted its position in shares of Federated Hermes Total Return Bond ETF by 12.8% during the second quarter. First Citizens Financial Corp now owns 24,455 shares of the company’s stock worth $614,000 after purchasing an additional 2,772 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Federated Hermes Total Return Bond ETF by 27.8% during the first quarter. Janney Montgomery Scott LLC now owns 39,634 shares of the company’s stock worth $997,000 after purchasing an additional 8,627 shares in the last quarter.

Federated Hermes Total Return Bond ETF Company Profile

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.