Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) Short Interest Update

Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 5,490 shares, a drop of 38.1% from the June 15th total of 8,868 shares. Based on an average daily volume of 1,657 shares, the short-interest ratio is currently 3.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Federated Hermes Short Duration Corporate ETF stock. Envestnet Asset Management Inc. purchased a new stake in shares of Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,636 shares of the company’s stock, valued at approximately $357,000. Envestnet Asset Management Inc. owned approximately 0.56% of Federated Hermes Short Duration Corporate ETF at the end of the most recent reporting period.

Federated Hermes Short Duration Corporate ETF Stock Performance

NYSEARCA:FCSH opened at $24.10 on Friday. Federated Hermes Short Duration Corporate ETF has a 12 month low of $24.02 and a 12 month high of $24.64. The company’s 50-day moving average price is $24.17 and its two-hundred day moving average price is $24.34.

About Federated Hermes Short Duration Corporate ETF

The Federated Hermes Short Duration Corporate ETF (FCSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated investment-grade. FCSH was launched on Dec 16, 2021 and is managed by Federated Hermes.