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

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 14,593 shares, a growth of 102.8% from the November 30th total of 7,195 shares. Based on an average daily trading volume, of 17,725 shares, the short-interest ratio is currently 0.8 days. Approximately 0.7% of the company’s stock are short sold. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 17,725 shares, the short-interest ratio is currently 0.8 days.

Federated Hermes Short Duration High Yield ETF Price Performance

NYSEARCA FHYS remained flat at $23.43 during trading on Friday. 15,219 shares of the company’s stock were exchanged, compared to its average volume of 15,658. Federated Hermes Short Duration High Yield ETF has a 1 year low of $22.10 and a 1 year high of $23.46. The stock has a fifty day simple moving average of $23.30 and a 200-day simple moving average of $23.25.

Institutional Investors Weigh In On Federated Hermes Short Duration High Yield ETF

A number of large investors have recently bought and sold shares of FHYS. Envestnet Asset Management Inc. raised its holdings in Federated Hermes Short Duration High Yield ETF by 2.7% during the third quarter. Envestnet Asset Management Inc. now owns 25,394 shares of the company’s stock valued at $591,000 after buying an additional 670 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Federated Hermes Short Duration High Yield ETF by 5.5% during the 3rd quarter. DAVENPORT & Co LLC now owns 27,862 shares of the company’s stock worth $648,000 after acquiring an additional 1,459 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new position in shares of Federated Hermes Short Duration High Yield ETF during the 2nd quarter valued at about $46,000. Osaic Holdings Inc. raised its stake in shares of Federated Hermes Short Duration High Yield ETF by 10.4% in the 2nd quarter. Osaic Holdings Inc. now owns 46,237 shares of the company’s stock valued at $1,074,000 after acquiring an additional 4,351 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Federated Hermes Short Duration High Yield ETF by 2,421.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 10,841 shares of the company’s stock valued at $252,000 after acquiring an additional 10,411 shares in the last quarter.

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.