Short Interest in Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Expands By 280.5%

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 5,928 shares, a growth of 280.5% from the April 15th total of 1,558 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 16,333 shares, the days-to-cover ratio is currently 0.4 days.

Federated Hermes MDT Large Cap Value ETF Stock Up 0.1%

Federated Hermes MDT Large Cap Value ETF stock traded up $0.04 during trading hours on Wednesday, hitting $34.21. The stock had a trading volume of 8,465 shares, compared to its average volume of 12,075. The stock has a market cap of $85.53 million, a price-to-earnings ratio of 18.26 and a beta of 0.80. Federated Hermes MDT Large Cap Value ETF has a one year low of $27.83 and a one year high of $34.70. The business’s 50 day simple moving average is $32.59 and its 200-day simple moving average is $31.84.

Hedge Funds Weigh In On Federated Hermes MDT Large Cap Value ETF

Several large investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC raised its position in Federated Hermes MDT Large Cap Value ETF by 17.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 436,453 shares of the company’s stock valued at $13,578,000 after purchasing an additional 63,601 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Federated Hermes MDT Large Cap Value ETF by 1.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 164,207 shares of the company’s stock valued at $5,000,000 after purchasing an additional 2,344 shares during the last quarter. Orion Porfolio Solutions LLC bought a new position in shares of Federated Hermes MDT Large Cap Value ETF during the fourth quarter worth about $3,891,000. Eastern Bank raised its position in shares of Federated Hermes MDT Large Cap Value ETF by 1.8% during the fourth quarter. Eastern Bank now owns 84,638 shares of the company’s stock worth $2,633,000 after acquiring an additional 1,464 shares during the last quarter. Finally, Allegheny Financial Group raised its position in shares of Federated Hermes MDT Large Cap Value ETF by 8.7% during the first quarter. Allegheny Financial Group now owns 45,380 shares of the company’s stock worth $1,430,000 after acquiring an additional 3,631 shares during the last quarter.

Federated Hermes MDT Large Cap Value ETF Company Profile

The Federated Hermes MDT Large Cap Value ETF (FLCV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies that are deemed undervalued within the Russell 1000 Value Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCV was launched on Jul 30, 2024 and is issued by Federated Hermes.