Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 20,898 shares, a growth of 149.4% from the September 15th total of 8,378 shares. Based on an average trading volume of 3,895 shares, the days-to-cover ratio is presently 5.4 days. Currently, 0.7% of the company’s stock are sold short.
Federated Hermes Short Duration Corporate ETF Trading Down 0.1%
Shares of NYSEARCA FCSH traded down $0.02 during mid-day trading on Wednesday, reaching $23.68. 817 shares of the company were exchanged, compared to its average volume of 1,747. The firm has a 50-day moving average of $23.89 and a 200 day moving average of $24.09. Federated Hermes Short Duration Corporate ETF has a 1 year low of $23.57 and a 1 year high of $24.64.
Institutional Trading of Federated Hermes Short Duration Corporate ETF
A hedge fund recently raised its stake in Federated Hermes Short Duration Corporate ETF stock. Envestnet Asset Management Inc. lifted its position in Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH – Free Report) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,264 shares of the company’s stock after buying an additional 808 shares during the period. Envestnet Asset Management Inc. owned approximately 2.83% of Federated Hermes Short Duration Corporate ETF worth $1,912,000 as of its most recent SEC filing.
About Federated Hermes Short Duration Corporate ETF
The Federated Hermes Short Duration Corporate ETF (FCSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated investment-grade. FCSH was launched on Dec 16, 2021 and is managed by Federated Hermes.
See Also
- Five stocks we like better than Federated Hermes Short Duration Corporate ETF
- Tesla Wants to Make Its Own Chips—What Could Go Wrong?
- IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
- PBF Energy’s Stunning Rally Faces a Critical Test
- Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
Receive News & Ratings for Federated Hermes Short Duration Corporate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Hermes Short Duration Corporate ETF and related companies with MarketBeat.com's FREE daily email newsletter.
