Short Interest in Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) Decreases By 62.0%

Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 2,708 shares, a decrease of 62.0% from the December 15th total of 7,133 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 6,555 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 6,555 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Federated Hermes Short Duration Corporate ETF Price Performance

Shares of FCSH remained flat at $24.48 during trading hours on Wednesday. 3,589 shares of the stock were exchanged, compared to its average volume of 1,177. Federated Hermes Short Duration Corporate ETF has a 1-year low of $23.87 and a 1-year high of $24.64. The firm has a 50-day moving average of $24.46 and a 200 day moving average of $24.43.

Institutional Investors Weigh In On Federated Hermes Short Duration Corporate ETF

A hedge fund recently bought a new stake in Federated Hermes Short Duration Corporate ETF stock. Envestnet Asset Management Inc. purchased a new stake in Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,636 shares of the company’s stock, valued at approximately $357,000. Envestnet Asset Management Inc. owned approximately 0.56% of Federated Hermes Short Duration Corporate ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.