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

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 976 shares, a drop of 58.3% from the July 30th total of 2,340 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 31,198 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Federated Hermes Short Duration High Yield ETF

A number of hedge funds have recently bought and sold shares of FHYS. Cassaday & Co Wealth Management LLC purchased a new stake in Federated Hermes Short Duration High Yield ETF in the first quarter worth approximately $45,000. Creative Financial Designs Inc. ADV raised its stake in shares of Federated Hermes Short Duration High Yield ETF by 25.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the company’s stock worth $58,000 after acquiring an additional 500 shares in the last quarter. Capital Analysts LLC lifted its holdings in shares of Federated Hermes Short Duration High Yield ETF by 1,202.9% in the 4th quarter. Capital Analysts LLC now owns 4,417 shares of the company’s stock worth $103,000 after acquiring an additional 4,078 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Federated Hermes Short Duration High Yield ETF in the 1st quarter worth approximately $203,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in shares of Federated Hermes Short Duration High Yield ETF in the 3rd quarter valued at $252,000.

Federated Hermes Short Duration High Yield ETF Trading Down 0.1%

NYSEARCA FHYS traded down $0.03 during trading hours on Friday, reaching $23.10. 8,569 shares of the stock traded hands, compared to its average volume of 20,293. The stock has a 50 day simple moving average of $23.05 and a two-hundred day simple moving average of $23.10. Federated Hermes Short Duration High Yield ETF has a 1 year low of $22.77 and a 1 year high of $23.47.

About Federated Hermes Short Duration High Yield ETF

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.