Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Sees Significant Drop in Short Interest

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 46,100 shares, a decline of 50.0% from the July 15th total of 92,166 shares. Based on an average trading volume of 136,508 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Motco boosted its position in shares of Federated Hermes Total Return Bond ETF by 25.3% in the fourth quarter. Motco now owns 3,810 shares of the company’s stock valued at $97,000 after acquiring an additional 770 shares during the period. Semmax Financial Advisors Inc. acquired a new stake in Federated Hermes Total Return Bond ETF in the 2nd quarter worth about $123,000. Atlas Wealth LLC acquired a new stake in Federated Hermes Total Return Bond ETF in the 4th quarter worth about $202,000. Index Technologies Group LLC bought a new stake in Federated Hermes Total Return Bond ETF in the 4th quarter valued at about $229,000. Finally, First United Bank & Trust bought a new stake in Federated Hermes Total Return Bond ETF in the 1st quarter valued at about $254,000.

Federated Hermes Total Return Bond ETF Stock Performance

Shares of NYSEARCA FTRB traded up $0.01 during trading hours on Tuesday, reaching $24.76. 134,701 shares of the stock were exchanged, compared to its average volume of 135,996. The firm has a market capitalization of $596.72 million, a price-to-earnings ratio of 8.09 and a beta of 0.12. Federated Hermes Total Return Bond ETF has a 52 week low of $24.65 and a 52 week high of $25.84. The stock’s fifty day simple moving average is $24.96 and its 200 day simple moving average is $25.17.

About Federated Hermes Total Return Bond ETF

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.