Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Up 619.8% in August

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 7,025 shares, a growth of 619.8% from the August 15th total of 976 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 26,653 shares, the short-interest ratio is currently 0.3 days.

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

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

Federated Hermes Short Duration High Yield ETF Trading Up 0.0%

Shares of FHYS stock opened at $22.86 on Friday. The company’s fifty day simple moving average is $23.01 and its two-hundred day simple moving average is $23.07. Federated Hermes Short Duration High Yield ETF has a 52 week low of $22.77 and a 52 week high of $23.47.

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.