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

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 36,821 shares, an increase of 106.7% from the May 31st total of 17,815 shares. Based on an average daily trading volume, of 16,915 shares, the short-interest ratio is presently 2.2 days. Approximately 1.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Federated Hermes Short Duration High Yield ETF

A number of hedge funds have recently added to or reduced their stakes in FHYS. Steward Partners Investment Advisory LLC raised its holdings in shares of 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 worth $1,154,000 after purchasing an additional 38,738 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Federated Hermes Short Duration High Yield ETF in the 4th quarter valued at about $562,000. WFA of San Diego LLC acquired a new position in shares of Federated Hermes Short Duration High Yield ETF in the 2nd quarter valued at about $1,367,000. Janney Montgomery Scott LLC bought a new stake in shares of Federated Hermes Short Duration High Yield ETF during the 1st quarter valued at about $203,000. Finally, LPL Financial LLC grew its position in shares of Federated Hermes Short Duration High Yield ETF by 27.0% during the 4th quarter. LPL Financial LLC now owns 47,408 shares of the company’s stock valued at $1,104,000 after buying an additional 10,071 shares during the last quarter.

Federated Hermes Short Duration High Yield ETF Trading Up 0.2%

Shares of FHYS opened at $23.08 on Thursday. Federated Hermes Short Duration High Yield ETF has a 52 week low of $22.77 and a 52 week high of $23.47. The stock has a 50 day moving average of $23.13 and a 200-day moving average of $23.19.

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.