Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) Shares Shorted: Short Interest Up 96.8% in October

Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 30,294 shares, an increase of 96.8% from the September 30th total of 15,393 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 127,551 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FLCG. Kestra Advisory Services LLC grew its position in Federated Hermes MDT Large Cap Growth ETF by 24.3% during the first quarter. Kestra Advisory Services LLC now owns 979,209 shares of the company’s stock valued at $29,278,000 after acquiring an additional 191,570 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Federated Hermes MDT Large Cap Growth ETF by 41.7% in the 1st quarter. Sanctuary Advisors LLC now owns 115,455 shares of the company’s stock worth $3,452,000 after purchasing an additional 33,955 shares during the period. Private Advisor Group LLC purchased a new position in shares of Federated Hermes MDT Large Cap Growth ETF in the 1st quarter worth about $545,000. Cetera Investment Advisers acquired a new position in shares of Federated Hermes MDT Large Cap Growth ETF in the 1st quarter valued at about $1,481,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Federated Hermes MDT Large Cap Growth ETF in the 3rd quarter valued at about $169,303,000.

Federated Hermes MDT Large Cap Growth ETF Stock Down 1.1%

NYSEARCA:FLCG opened at $33.02 on Tuesday. The company has a market cap of $653.80 million, a P/E ratio of 32.19 and a beta of 1.18. The firm’s 50 day moving average is $35.15 and its two-hundred day moving average is $33.43. Federated Hermes MDT Large Cap Growth ETF has a fifty-two week low of $28.69 and a fifty-two week high of $36.73.

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.