Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Stock Short Interest Report for September

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 27,766 shares, an increase of 226.2% from the September 15th total of 8,512 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 45,075 shares, the days-to-cover ratio is currently 0.6 days.

Federated Hermes Short Duration High Yield ETF Trading Up 0.1%

NYSEARCA:FHYS traded up $0.02 during trading hours on Friday, reaching $22.58. The company had a trading volume of 311,519 shares, compared to its average volume of 23,670. Federated Hermes Short Duration High Yield ETF has a 1-year low of $22.36 and a 1-year high of $23.47. The business’s 50 day moving average price is $22.87 and its 200-day moving average price is $23.01.

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

Several institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in Federated Hermes Short Duration High Yield ETF by 15.4% during the second quarter. Envestnet Asset Management Inc. now owns 43,708 shares of the company’s stock worth $1,007,000 after buying an additional 5,838 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in Federated Hermes Short Duration High Yield ETF by 46.1% during the first quarter. Kestra Private Wealth Services LLC now owns 37,010 shares of the company’s stock valued at $848,000 after buying an additional 11,684 shares during the period. NewEdge Advisors LLC grew its position in Federated Hermes Short Duration High Yield ETF by 63.8% during the second quarter. NewEdge Advisors LLC now owns 21,950 shares of the company’s stock valued at $506,000 after buying an additional 8,550 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Federated Hermes Short Duration High Yield ETF during the first quarter valued at $203,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in Federated Hermes Short Duration High Yield ETF during the first quarter valued at $45,000.

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.