Short Interest in Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) Decreases By 48.4%

Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 5,611 shares, a drop of 48.4% from the April 15th total of 10,879 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 41,828 shares, the short-interest ratio is currently 0.1 days.

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

Several hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers purchased a new position in Federated Hermes MDT Large Cap Growth ETF during the first quarter valued at approximately $1,481,000. Sanctuary Advisors LLC grew its stake in Federated Hermes MDT Large Cap Growth ETF by 41.7% during the first quarter. Sanctuary Advisors LLC now owns 115,455 shares of the company’s stock valued at $3,452,000 after acquiring an additional 33,955 shares in the last quarter. Kestra Advisory Services LLC grew its stake in Federated Hermes MDT Large Cap Growth ETF by 24.3% during the first quarter. Kestra Advisory Services LLC now owns 979,209 shares of the company’s stock valued at $29,278,000 after acquiring an additional 191,570 shares in the last quarter. Private Advisor Group LLC purchased a new position in Federated Hermes MDT Large Cap Growth ETF during the first quarter valued at approximately $545,000. Finally, Kestra Private Wealth Services LLC grew its stake in Federated Hermes MDT Large Cap Growth ETF by 42.1% during the first quarter. Kestra Private Wealth Services LLC now owns 27,310 shares of the company’s stock valued at $817,000 after acquiring an additional 8,095 shares in the last quarter.

Federated Hermes MDT Large Cap Growth ETF Price Performance

Shares of FLCG traded down $0.32 during trading hours on Friday, hitting $34.37. The company’s stock had a trading volume of 18,441 shares, compared to its average volume of 102,688. The company has a market cap of $505.24 million, a price-to-earnings ratio of 32.19 and a beta of 1.18. The business has a 50 day simple moving average of $31.86 and a two-hundred day simple moving average of $32.29. Federated Hermes MDT Large Cap Growth ETF has a 52-week low of $27.77 and a 52-week high of $34.73.

About Federated Hermes MDT Large Cap Growth ETF

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