Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Sees Significant Increase in Short Interest

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 7,025 shares, a growth of 619.8% from the August 15th total of 976 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 26,653 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Federated Hermes Short Duration High Yield ETF

Hedge funds have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC purchased a new position in Federated Hermes Short Duration High Yield ETF in the 1st quarter worth about $45,000. Creative Financial Designs Inc. ADV lifted its stake in Federated Hermes Short Duration High Yield ETF by 25.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the company’s stock valued at $58,000 after buying an additional 500 shares in the last quarter. Capital Analysts LLC lifted its stake in Federated Hermes Short Duration High Yield ETF by 1,202.9% during the fourth quarter. Capital Analysts LLC now owns 4,417 shares of the company’s stock valued at $103,000 after buying an additional 4,078 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Federated Hermes Short Duration High Yield ETF in the first quarter worth about $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 approximately $252,000.

Federated Hermes Short Duration High Yield ETF Trading Down 0.2%

Shares of NYSEARCA:FHYS opened at $22.85 on Friday. The stock has a fifty day moving average of $23.02 and a 200-day moving average of $23.07. Federated Hermes Short Duration High Yield ETF has a one year low of $22.77 and a one year high of $23.47.

Federated Hermes Short Duration High Yield ETF Company Profile

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.