Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Sees Large Drop in Short Interest

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 12,009 shares, a decrease of 34.7% from the April 15th total of 18,380 shares. Based on an average daily trading volume, of 13,408 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the company’s shares are sold short.

Federated Hermes Short Duration High Yield ETF Stock Down 0.0%

FHYS stock opened at $23.02 on Wednesday. Federated Hermes Short Duration High Yield ETF has a one year low of $22.77 and a one year high of $23.47. The firm has a 50-day moving average of $23.07 and a two-hundred day moving average of $23.22.

Institutional Trading of Federated Hermes Short Duration High Yield ETF

A number of hedge funds have recently bought and sold shares of FHYS. WFA of San Diego LLC purchased a new stake in Federated Hermes Short Duration High Yield ETF during the second quarter valued at about $1,367,000. Truist Financial Corp purchased a new stake in Federated Hermes Short Duration High Yield ETF during the third quarter valued at about $1,052,000. Prosperity Financial Group Inc. purchased a new stake in Federated Hermes Short Duration High Yield ETF during the third quarter valued at about $968,000. Steward Partners Investment Advisory LLC lifted its stake in Federated Hermes Short Duration High Yield ETF by 357.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 49,579 shares of the company’s stock valued at $1,154,000 after buying an additional 38,738 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in Federated Hermes Short Duration High Yield ETF during the fourth quarter valued at about $562,000.

Federated Hermes Short Duration High Yield ETF Company Profile

The Federated Hermes Short Duration High Yield ETF (FHYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated below investment-grade. FHYS was launched on Dec 16, 2021 and is managed by Federated Hermes.