Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS – Get Free Report) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 14,548 shares, a drop of 47.6% from the September 30th total of 27,766 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 61,436 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On Federated Hermes Short Duration High Yield ETF
Institutional investors have recently made changes to their positions in the business. Provenance Wealth Advisors LLC purchased a new position in shares of Federated Hermes Short Duration High Yield ETF during the 3rd quarter worth $32,000. Envestnet Asset Management Inc. increased its stake in shares of Federated Hermes Short Duration High Yield ETF by 15.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 43,708 shares of the company’s stock worth $1,007,000 after purchasing an additional 5,838 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Federated Hermes Short Duration High Yield ETF by 63.8% in the 2nd quarter. NewEdge Advisors LLC now owns 21,950 shares of the company’s stock worth $506,000 after purchasing an additional 8,550 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Federated Hermes Short Duration High Yield ETF in the 1st quarter worth $45,000. Finally, Janney Montgomery Scott LLC bought a new position in Federated Hermes Short Duration High Yield ETF in the 1st quarter worth $203,000.
Federated Hermes Short Duration High Yield ETF Price Performance
Shares of Federated Hermes Short Duration High Yield ETF stock remained flat at $22.58 during trading hours on Monday. The company’s stock had a trading volume of 16,654 shares, compared to its average volume of 24,009. The business’s 50 day moving average is $22.75 and its 200 day moving average is $23.03. Federated Hermes Short Duration High Yield ETF has a 1-year low of $22.36 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.
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