Short Interest in Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Declines By 41.7%

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 3,518 shares, a decrease of 41.7% from the May 31st total of 6,030 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 11,328 shares, the short-interest ratio is presently 0.3 days.

Federated Hermes MDT Large Cap Value ETF Stock Performance

NYSEARCA:FLCV remained flat at $35.82 on Friday. 7,761 shares of the company’s stock traded hands, compared to its average volume of 12,190. Federated Hermes MDT Large Cap Value ETF has a 52-week low of $29.20 and a 52-week high of $36.10. The stock has a market capitalization of $100.30 million, a P/E ratio of 18.26 and a beta of 0.74. The business has a 50 day simple moving average of $34.74 and a 200-day simple moving average of $32.99.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Eastern Bank lifted its holdings in Federated Hermes MDT Large Cap Value ETF by 1.8% in the fourth quarter. Eastern Bank now owns 84,638 shares of the company’s stock worth $2,633,000 after buying an additional 1,464 shares during the period. Comprehensive Financial Planning Inc. PA boosted its stake in shares of Federated Hermes MDT Large Cap Value ETF by 35.2% in the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 8,330 shares of the company’s stock worth $259,000 after acquiring an additional 2,168 shares during the period. Allegheny Financial Group boosted its stake in shares of Federated Hermes MDT Large Cap Value ETF by 8.7% in the first quarter. Allegheny Financial Group now owns 45,380 shares of the company’s stock worth $1,430,000 after acquiring an additional 3,631 shares during the period. Capital Analysts LLC grew its position in shares of Federated Hermes MDT Large Cap Value ETF by 385.7% during the fourth quarter. Capital Analysts LLC now owns 8,708 shares of the company’s stock worth $271,000 after purchasing an additional 6,915 shares in the last quarter. Finally, Stonebridge Financial Group LLC MO purchased a new stake in shares of Federated Hermes MDT Large Cap Value ETF during the first quarter worth about $221,000.

Federated Hermes MDT Large Cap Value ETF Company Profile

The Federated Hermes MDT Large Cap Value ETF (FLCV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies that are deemed undervalued within the Russell 1000 Value Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCV was launched on Jul 30, 2024 and is issued by Federated Hermes.