Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Short Interest Update

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 46,100 shares, a drop of 50.0% from the July 15th total of 92,166 shares. Based on an average daily volume of 136,508 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Federated Hermes Total Return Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Retirement Planning Group LLC raised its position in shares of Federated Hermes Total Return Bond ETF by 7.7% during the fourth quarter. Retirement Planning Group LLC now owns 989,679 shares of the company’s stock worth $25,128,000 after purchasing an additional 70,999 shares during the period. Wilkerson Advisory Group LLC lifted its holdings in shares of Federated Hermes Total Return Bond ETF by 6.8% in the 1st quarter. Wilkerson Advisory Group LLC now owns 594,257 shares of the company’s stock worth $14,943,000 after purchasing an additional 37,775 shares in the last quarter. Hills Bank & Trust Co grew its position in Federated Hermes Total Return Bond ETF by 4.2% in the 4th quarter. Hills Bank & Trust Co now owns 2,638,018 shares of the company’s stock valued at $66,979,000 after purchasing an additional 107,391 shares during the period. Aurora Private Wealth Inc. acquired a new stake in Federated Hermes Total Return Bond ETF in the 4th quarter valued at $562,000. Finally, Beaumont Financial Advisors LLC increased its stake in Federated Hermes Total Return Bond ETF by 191.0% during the 1st quarter. Beaumont Financial Advisors LLC now owns 274,316 shares of the company’s stock valued at $6,898,000 after purchasing an additional 180,035 shares in the last quarter.

Federated Hermes Total Return Bond ETF Trading Down 0.2%

FTRB stock traded down $0.04 during mid-day trading on Friday, reaching $24.82. The company’s stock had a trading volume of 49,704 shares, compared to its average volume of 136,017. The company has a market cap of $598.16 million, a price-to-earnings ratio of 8.09 and a beta of 0.12. The business’s 50 day moving average price is $24.97 and its 200 day moving average price is $25.17. Federated Hermes Total Return Bond ETF has a 12 month low of $24.65 and a 12 month high of $25.84.

About Federated Hermes Total Return Bond ETF

The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process. FTRB was launched on Jan 2, 2024 and is issued by Federated Hermes.