Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Short Interest Up 159.0% in June

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 9,113 shares, an increase of 159.0% from the June 15th total of 3,518 shares. Based on an average daily trading volume, of 19,996 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company’s shares are short sold.

Federated Hermes MDT Large Cap Value ETF Stock Performance

Shares of FLCV stock traded up $0.13 during trading hours on Wednesday, hitting $35.99. 9,798 shares of the company were exchanged, compared to its average volume of 14,128. The firm has a market cap of $100.77 million, a P/E ratio of 18.26 and a beta of 0.74. Federated Hermes MDT Large Cap Value ETF has a fifty-two week low of $29.20 and a fifty-two week high of $36.17. The company has a 50 day simple moving average of $35.12 and a two-hundred day simple moving average of $33.27.

Institutional Investors Weigh In On Federated Hermes MDT Large Cap Value ETF

Large investors have recently bought and sold shares of the stock. Stonebridge Financial Group LLC MO bought a new stake in Federated Hermes MDT Large Cap Value ETF in the first quarter valued at $221,000. Comprehensive Financial Planning Inc. PA grew its stake in shares of Federated Hermes MDT Large Cap Value ETF by 35.2% in the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 8,330 shares of the company’s stock valued at $259,000 after buying an additional 2,168 shares during the period. Capital Analysts LLC grew its stake in shares of Federated Hermes MDT Large Cap Value ETF by 385.7% in the 4th quarter. Capital Analysts LLC now owns 8,708 shares of the company’s stock valued at $271,000 after buying an additional 6,915 shares during the period. Commonwealth Equity Services LLC increased its position in Federated Hermes MDT Large Cap Value ETF by 32.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 41,192 shares of the company’s stock valued at $1,281,000 after buying an additional 10,120 shares in the last quarter. Finally, Allegheny Financial Group acquired a new position in Federated Hermes MDT Large Cap Value ETF during the 4th quarter worth approximately $1,299,000.

About Federated Hermes MDT Large Cap Value ETF

The Federated Hermes MDT Large Cap Value ETF (FLCV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies that are deemed undervalued within the Russell 1000 Value Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCV was launched on Jul 30, 2024 and is issued by Federated Hermes.