Federated Hermes MDT Large Cap Core ETF (NYSEARCA:FLCC) Short Interest Update

Federated Hermes MDT Large Cap Core ETF (NYSEARCA:FLCC) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 23,803 shares, a decline of 45.7% from the May 31st total of 43,872 shares. Based on an average trading volume of 13,086 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BlueStem Wealth Partners LLC bought a new stake in shares of Federated Hermes MDT Large Cap Core ETF during the 3rd quarter valued at about $12,545,000. Wealth Enhancement Advisory Services LLC bought a new position in Federated Hermes MDT Large Cap Core ETF in the fourth quarter worth about $580,000. DAVENPORT & Co LLC boosted its stake in Federated Hermes MDT Large Cap Core ETF by 79.4% in the fourth quarter. DAVENPORT & Co LLC now owns 20,786 shares of the company’s stock valued at $675,000 after acquiring an additional 9,200 shares during the period. Brady Martz Wealth Solutions LLC boosted its stake in Federated Hermes MDT Large Cap Core ETF by 29.6% in the first quarter. Brady Martz Wealth Solutions LLC now owns 14,070 shares of the company’s stock valued at $434,000 after acquiring an additional 3,215 shares during the period. Finally, GTS Financial LLC bought a new position in shares of Federated Hermes MDT Large Cap Core ETF during the first quarter valued at approximately $5,105,000.

Federated Hermes MDT Large Cap Core ETF Price Performance

Shares of FLCC stock traded up $0.06 on Wednesday, hitting $35.19. 5,517 shares of the stock traded hands, compared to its average volume of 34,491. The company’s fifty day moving average is $34.70 and its 200 day moving average is $33.07. Federated Hermes MDT Large Cap Core ETF has a 1-year low of $29.88 and a 1-year high of $35.83. The company has a market capitalization of $112.61 million, a PE ratio of 24.00 and a beta of 1.00.

Federated Hermes MDT Large Cap Core ETF Company Profile

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