Federated Hermes MDT Large Cap Core ETF (NYSEARCA:FLCC) Short Interest Down 63.8% in August

Federated Hermes MDT Large Cap Core ETF (NYSEARCA:FLCC) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 4,873 shares, a drop of 63.8% from the August 15th total of 13,465 shares. Based on an average daily volume of 10,367 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s shares are sold short.

Federated Hermes MDT Large Cap Core ETF Stock Performance

Shares of NYSEARCA:FLCC traded up $0.37 during midday trading on Friday, hitting $36.50. 19,207 shares of the stock were exchanged, compared to its average volume of 32,979. The business’s 50-day moving average price is $36.32 and its 200 day moving average price is $34.43. Federated Hermes MDT Large Cap Core ETF has a 12 month low of $29.88 and a 12 month high of $37.55. The stock has a market capitalization of $127.75 million, a price-to-earnings ratio of 24.00 and a beta of 0.99.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlueStem Wealth Partners LLC increased its holdings in Federated Hermes MDT Large Cap Core ETF by 3.8% in the fourth quarter. BlueStem Wealth Partners LLC now owns 406,416 shares of the company’s stock valued at $13,205,000 after purchasing an additional 15,061 shares during the period. GTS Financial LLC acquired a new position in Federated Hermes MDT Large Cap Core ETF during the 1st quarter worth about $5,105,000. Baer Investment Advisory LLC acquired a new position in Federated Hermes MDT Large Cap Core ETF during the 1st quarter worth about $625,000. Brady Martz Wealth Solutions LLC increased its stake in shares of Federated Hermes MDT Large Cap Core ETF by 29.6% in the first quarter. Brady Martz Wealth Solutions LLC now owns 14,070 shares of the company’s stock valued at $434,000 after buying an additional 3,215 shares during the period. Finally, &PARTNERS increased its stake in shares of Federated Hermes MDT Large Cap Core ETF by 3.8% in the fourth quarter. &PARTNERS now owns 23,945 shares of the company’s stock valued at $778,000 after buying an additional 867 shares during the period.

Federated Hermes MDT Large Cap Core ETF Company Profile

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