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 large increase in short interest in the month of August. As of August 31st, there was short interest totaling 35,594 shares, an increase of 65.4% from the August 15th total of 21,526 shares. Based on an average daily trading volume, of 69,942 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Federated Hermes MDT Large Cap Growth ETF

A number of institutional investors have recently modified their holdings of FLCG. Kestra Advisory Services LLC lifted its position in shares of Federated Hermes MDT Large Cap Growth ETF by 24.3% during the 1st quarter. Kestra Advisory Services LLC now owns 979,209 shares of the company’s stock worth $29,278,000 after buying an additional 191,570 shares during the last quarter. Sanctuary Advisors LLC grew its position in Federated Hermes MDT Large Cap Growth ETF by 41.7% in the first quarter. Sanctuary Advisors LLC now owns 115,455 shares of the company’s stock valued at $3,452,000 after acquiring an additional 33,955 shares during the last quarter. Cetera Investment Advisers acquired a new position in Federated Hermes MDT Large Cap Growth ETF during the first quarter worth about $1,481,000. Somerset Trust Co raised its stake in Federated Hermes MDT Large Cap Growth ETF by 30.6% during the second quarter. Somerset Trust Co now owns 41,167 shares of the company’s stock worth $1,371,000 after acquiring an additional 9,638 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in shares of Federated Hermes MDT Large Cap Growth ETF by 42.1% in the first quarter. Kestra Private Wealth Services LLC now owns 27,310 shares of the company’s stock worth $817,000 after acquiring an additional 8,095 shares during the last quarter.

Federated Hermes MDT Large Cap Growth ETF Trading Up 0.1%

Shares of Federated Hermes MDT Large Cap Growth ETF stock opened at $34.58 on Thursday. The company has a 50 day moving average of $34.60 and a 200-day moving average of $33.32. Federated Hermes MDT Large Cap Growth ETF has a 1-year low of $28.69 and a 1-year high of $36.02. The company has a market cap of $594.78 million, a PE ratio of 32.19 and a beta of 1.19.

Federated Hermes MDT Large Cap Growth ETF Company Profile

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.