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 decline in short interest in April. As of April 30th, there was short interest totaling 5,611 shares, a decline of 48.4% from the April 15th total of 10,879 shares. Based on an average daily trading volume, of 41,828 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FLCG. Wilkerson Advisory Group LLC bought a new stake in shares of Federated Hermes MDT Large Cap Growth ETF during the 4th quarter worth approximately $31,000. Capital Analysts LLC grew its stake in shares of Federated Hermes MDT Large Cap Growth ETF by 11.9% in the fourth quarter. Capital Analysts LLC now owns 12,795 shares of the company’s stock valued at $424,000 after buying an additional 1,357 shares in the last quarter. Towerpoint Wealth LLC increased its holdings in Federated Hermes MDT Large Cap Growth ETF by 2.5% during the fourth quarter. Towerpoint Wealth LLC now owns 61,385 shares of the company’s stock worth $2,030,000 after buying an additional 1,518 shares during the last quarter. Sanctuary Advisors LLC raised its position in Federated Hermes MDT Large Cap Growth ETF by 2.6% during the fourth quarter. Sanctuary Advisors LLC now owns 81,500 shares of the company’s stock worth $2,695,000 after acquiring an additional 2,076 shares in the last quarter. Finally, SHP Wealth Management bought a new stake in Federated Hermes MDT Large Cap Growth ETF during the fourth quarter worth $87,000.

Federated Hermes MDT Large Cap Growth ETF Trading Down 0.9%

Shares of NYSEARCA FLCG traded down $0.32 during mid-day trading on Friday, hitting $34.37. The company had a trading volume of 18,441 shares, compared to its average volume of 102,688. The company has a market capitalization of $505.24 million, a PE ratio of 32.19 and a beta of 1.18. The firm has a 50-day simple moving average of $31.86 and a two-hundred day simple moving average of $32.30. Federated Hermes MDT Large Cap Growth ETF has a one year low of $27.77 and a one year high of $34.73.

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.