Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) Sees Large Decrease in Short Interest

Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 16,454 shares, a drop of 53.8% from the August 31st total of 35,594 shares. Based on an average trading volume of 53,825 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Federated Hermes MDT Large Cap Growth ETF

A number of institutional investors have recently bought and sold shares of FLCG. Kestra Advisory Services LLC grew its holdings in Federated Hermes MDT Large Cap Growth ETF by 24.3% in the first quarter. Kestra Advisory Services LLC now owns 979,209 shares of the company’s stock valued at $29,278,000 after purchasing an additional 191,570 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of Federated Hermes MDT Large Cap Growth ETF in the first quarter valued at $1,481,000. Sanctuary Advisors LLC raised its stake in shares of Federated Hermes MDT Large Cap Growth ETF by 41.7% during the 1st quarter. Sanctuary Advisors LLC now owns 115,455 shares of the company’s stock worth $3,452,000 after buying an additional 33,955 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Federated Hermes MDT Large Cap Growth ETF in the 1st quarter worth about $545,000. Finally, Somerset Trust Co boosted its position in shares of Federated Hermes MDT Large Cap Growth ETF by 30.6% in the 2nd quarter. Somerset Trust Co now owns 41,167 shares of the company’s stock worth $1,371,000 after buying an additional 9,638 shares in the last quarter.

Federated Hermes MDT Large Cap Growth ETF Trading Down 0.8%

Shares of NYSEARCA:FLCG traded down $0.28 during trading on Monday, hitting $35.52. 2,250 shares of the stock were exchanged, compared to its average volume of 79,945. The company has a market cap of $639.29 million, a PE ratio of 32.19 and a beta of 1.19. The company has a fifty day moving average price of $34.79 and a two-hundred day moving average price of $33.52. Federated Hermes MDT Large Cap Growth ETF has a 12-month low of $28.69 and a 12-month high of $36.03.

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.