Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Short Interest Update

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 9,113 shares, an increase of 159.0% from the June 15th total of 3,518 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 19,996 shares, the days-to-cover ratio is currently 0.5 days.

Federated Hermes MDT Large Cap Value ETF Stock Performance

FLCV opened at $35.99 on Tuesday. The firm’s 50-day simple moving average is $35.05 and its 200-day simple moving average is $33.21. Federated Hermes MDT Large Cap Value ETF has a twelve month low of $29.20 and a twelve month high of $36.10. The firm has a market cap of $115.17 million, a price-to-earnings ratio of 18.26 and a beta of 0.74.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLCV. Steward Partners Investment Advisory LLC increased its holdings in shares of Federated Hermes MDT Large Cap Value ETF by 17.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 436,453 shares of the company’s stock worth $13,578,000 after buying an additional 63,601 shares in the last quarter. Eastern Bank grew its position in Federated Hermes MDT Large Cap Value ETF by 227.0% during the 2nd quarter. Eastern Bank now owns 305,324 shares of the company’s stock worth $10,948,000 after acquiring an additional 211,956 shares during the last quarter. Orion Porfolio Solutions LLC acquired a new stake in Federated Hermes MDT Large Cap Value ETF during the 4th quarter valued at $3,891,000. Allegheny Financial Group increased its holdings in Federated Hermes MDT Large Cap Value ETF by 8.7% during the 1st quarter. Allegheny Financial Group now owns 45,380 shares of the company’s stock valued at $1,430,000 after purchasing an additional 3,631 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in Federated Hermes MDT Large Cap Value ETF by 32.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 41,192 shares of the company’s stock valued at $1,281,000 after purchasing an additional 10,120 shares during the last quarter.

About Federated Hermes MDT Large Cap Value ETF

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.