Federated Hermes MDT Large Cap Core ETF (NYSEARCA:FLCC) Short Interest Update

Federated Hermes MDT Large Cap Core ETF (NYSEARCA:FLCC) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 4,873 shares, a drop of 63.8% from the August 15th total of 13,465 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 10,367 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlueStem Wealth Partners LLC lifted its position in Federated Hermes MDT Large Cap Core ETF by 3.8% during the fourth quarter. BlueStem Wealth Partners LLC now owns 406,416 shares of the company’s stock valued at $13,205,000 after purchasing an additional 15,061 shares during the last quarter. GTS Financial LLC purchased a new stake in shares of Federated Hermes MDT Large Cap Core ETF during the 1st quarter valued at about $5,105,000. Baer Investment Advisory LLC purchased a new stake in shares of Federated Hermes MDT Large Cap Core ETF during the 1st quarter valued at about $625,000. Brady Martz Wealth Solutions LLC lifted its stake in shares of Federated Hermes MDT Large Cap Core ETF by 29.6% in the 1st quarter. Brady Martz Wealth Solutions LLC now owns 14,070 shares of the company’s stock valued at $434,000 after purchasing an additional 3,215 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Federated Hermes MDT Large Cap Core ETF during the second quarter worth $412,000.

Federated Hermes MDT Large Cap Core ETF Stock Performance

Shares of Federated Hermes MDT Large Cap Core ETF stock traded down $0.29 on Tuesday, hitting $36.11. 2,234 shares of the company traded hands, compared to its average volume of 32,689. The stock has a market capitalization of $126.39 million, a P/E ratio of 24.00 and a beta of 0.99. The business has a 50-day simple moving average of $36.34 and a 200 day simple moving average of $34.48. Federated Hermes MDT Large Cap Core ETF has a 52 week low of $29.88 and a 52 week high of $37.55.

About Federated Hermes MDT Large Cap Core ETF

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