Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Update

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 33,307 shares, a drop of 43.7% from the June 30th total of 59,159 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 21,650 shares, the days-to-cover ratio is currently 1.5 days.

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

Several hedge funds have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC purchased a new position in shares of Federated Hermes Short Duration High Yield ETF in the 1st quarter valued at approximately $45,000. Creative Financial Designs Inc. ADV grew its position in 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 worth $58,000 after purchasing an additional 500 shares during the last quarter. Capital Analysts LLC increased its stake in Federated Hermes Short Duration High Yield ETF by 1,202.9% during the 4th 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 acquired a new position in Federated Hermes Short Duration High Yield ETF during the 1st quarter valued at approximately $203,000. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of Federated Hermes Short Duration High Yield ETF in the third quarter worth $252,000.

Federated Hermes Short Duration High Yield ETF Trading Down 0.7%

NYSEARCA:FHYS traded down $0.15 during mid-day trading on Friday, hitting $22.89. 5,232 shares of the company’s stock traded hands, compared to its average volume of 19,093. The company has a fifty day moving average of $23.10 and a 200 day moving average of $23.15. Federated Hermes Short Duration High Yield ETF has a twelve month low of $22.77 and a twelve month 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.