Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) Short Interest Update

Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 17,454 shares, a decrease of 73.6% from the June 30th total of 66,031 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 83,727 shares, the days-to-cover ratio is presently 0.2 days.

Federated Hermes MDT Large Cap Growth ETF Price Performance

NYSEARCA:FLCG traded down $0.11 during trading hours on Monday, reaching $33.14. 17,538 shares of the company were exchanged, compared to its average volume of 88,124. Federated Hermes MDT Large Cap Growth ETF has a 52-week low of $28.69 and a 52-week high of $35.46. The stock has a 50 day simple moving average of $33.81 and a 200 day simple moving average of $32.60. The firm has a market cap of $560.07 million, a price-to-earnings ratio of 32.19 and a beta of 1.20.

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

A number of institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC raised its stake 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 buying an additional 33,955 shares in the last quarter. Kestra Advisory Services LLC boosted its stake 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 buying an additional 191,570 shares in the last quarter. Private Advisor Group LLC bought a new position in Federated Hermes MDT Large Cap Growth ETF during the first quarter valued at about $545,000. Benjamin Edwards Inc. acquired a new position in Federated Hermes MDT Large Cap Growth ETF during the fourth quarter worth about $19,330,000. Finally, Stegent Equity Advisors Inc. grew its holdings in Federated Hermes MDT Large Cap Growth ETF by 89.2% during the fourth quarter. Stegent Equity Advisors Inc. now owns 173,058 shares of the company’s stock worth $5,723,000 after acquiring an additional 81,574 shares during the period.

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.