Short Interest in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Rises By 1,396.0%

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 507,638 shares, an increase of 1,396.0% from the May 14th total of 33,933 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average trading volume of 165,558 shares, the short-interest ratio is currently 3.1 days.

Federated Hermes Total Return Bond ETF Stock Up 0.1%

Shares of FTRB stock traded up $0.03 on Thursday, reaching $25.05. The company’s stock had a trading volume of 4,435 shares, compared to its average volume of 148,272. Federated Hermes Total Return Bond ETF has a 12-month low of $24.78 and a 12-month high of $25.84. The company has a market capitalization of $480.96 million, a P/E ratio of 8.09 and a beta of 0.11. The stock’s 50 day simple moving average is $25.15 and its 200-day simple moving average is $25.34.

Institutional Investors Weigh In On Federated Hermes Total Return Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FTRB. Raymond James Financial Inc. raised its position in shares of Federated Hermes Total Return Bond ETF by 1,493.6% in the second quarter. Raymond James Financial Inc. now owns 890,977 shares of the company’s stock worth $22,364,000 after buying an additional 835,066 shares in the last quarter. Wealth Intelligence LLC bought a new position in shares of Federated Hermes Total Return Bond ETF during the fourth quarter valued at about $16,783,000. Wilkerson Advisory Group LLC bought a new stake in shares of Federated Hermes Total Return Bond ETF in the fourth quarter worth about $14,129,000. GTS Financial LLC bought a new stake in shares of Federated Hermes Total Return Bond ETF in the first quarter worth about $12,548,000. Finally, Beaumont Financial Advisors LLC grew its stake in shares of Federated Hermes Total Return Bond ETF by 191.0% in the first quarter. Beaumont Financial Advisors LLC now owns 274,316 shares of the company’s stock worth $6,898,000 after purchasing an additional 180,035 shares during the last quarter.

Federated Hermes Total Return Bond ETF Company Profile

The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process. FTRB was launched on Jan 2, 2024 and is issued by Federated Hermes.