Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) Sees Significant Growth in Short Interest

Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 346,465 shares, an increase of 1,513.3% from the September 30th total of 21,476 shares. Based on an average daily volume of 124,510 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.7% of the shares of the company are short sold.

Federated Hermes MDT Small Cap Core ETF Stock Performance

NYSEARCA FSCC traded up $0.14 on Tuesday, reaching $33.94. 7,416 shares of the company’s stock traded hands, compared to its average volume of 73,895. The firm has a market cap of $441.22 million, a price-to-earnings ratio of 15.80 and a beta of 1.25. The stock has a 50 day moving average price of $34.54 and a 200-day moving average price of $33.54. Federated Hermes MDT Small Cap Core ETF has a fifty-two week low of $27.83 and a fifty-two week high of $37.52.

Hedge Funds Weigh In On Federated Hermes MDT Small Cap Core ETF

A number of large investors have recently bought and sold shares of FSCC. Essex Financial Services Inc. lifted its position in Federated Hermes MDT Small Cap Core ETF by 6.3% in the first quarter. Essex Financial Services Inc. now owns 27,414 shares of the company’s stock valued at $814,000 after buying an additional 1,615 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in Federated Hermes MDT Small Cap Core ETF by 27.3% in the first quarter. Sanctuary Advisors LLC now owns 13,290 shares of the company’s stock valued at $395,000 after purchasing an additional 2,850 shares during the period. Waverly Advisors LLC purchased a new position in shares of Federated Hermes MDT Small Cap Core ETF in the 1st quarter valued at about $210,000. Kestra Private Wealth Services LLC grew its holdings in Federated Hermes MDT Small Cap Core ETF by 57.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 31,909 shares of the company’s stock worth $947,000 after acquiring an additional 11,632 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of Federated Hermes MDT Small Cap Core ETF during the first quarter worth $362,000.

About Federated Hermes MDT Small Cap Core ETF

The Federated Hermes MDT Small Cap Core ETF (FSCC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is actively managed, investing primarily in small-cap US companies within the Russell 2000 Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FSCC was launched on Jul 30, 2024 and is issued by Federated Hermes.