Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Sees Large Growth in Short Interest

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 16,557 shares, an increase of 81.7% from the June 30th total of 9,113 shares. Based on an average trading volume of 38,616 shares, the short-interest ratio is currently 0.4 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FLCV. Comprehensive Financial Planning Inc. PA lifted its position in Federated Hermes MDT Large Cap Value ETF by 35.2% during the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 8,330 shares of the company’s stock worth $259,000 after acquiring an additional 2,168 shares during the last quarter. Allegheny Financial Group increased its stake in shares of Federated Hermes MDT Large Cap Value ETF by 8.7% during the first quarter. Allegheny Financial Group now owns 45,380 shares of the company’s stock worth $1,430,000 after purchasing an additional 3,631 shares during the period. Capital Analysts LLC lifted its holdings in Federated Hermes MDT Large Cap Value ETF by 385.7% during the 4th quarter. Capital Analysts LLC now owns 8,708 shares of the company’s stock worth $271,000 after purchasing an additional 6,915 shares during the last quarter. Stonebridge Financial Group LLC MO acquired a new position in shares of Federated Hermes MDT Large Cap Value ETF in the first quarter valued at about $221,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of Federated Hermes MDT Large Cap Value ETF by 32.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 41,192 shares of the company’s stock valued at $1,281,000 after acquiring an additional 10,120 shares in the last quarter.

Federated Hermes MDT Large Cap Value ETF Price Performance

FLCV stock traded up $0.15 during midday trading on Thursday, reaching $36.79. 5,250 shares of the company were exchanged, compared to its average volume of 17,804. Federated Hermes MDT Large Cap Value ETF has a one year low of $29.20 and a one year high of $37.06. The firm has a market capitalization of $128.76 million, a price-to-earnings ratio of 18.26 and a beta of 0.74. The business has a 50-day moving average price of $35.56 and a two-hundred day moving average price of $33.61.

Federated Hermes MDT Large Cap Value ETF Company Profile

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.