Short Interest in Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Declines By 34.7%

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 12,009 shares, a decrease of 34.7% from the April 15th total of 18,380 shares. Based on an average daily volume of 13,408 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Trading of Federated Hermes Short Duration High Yield ETF

Institutional investors have recently made changes to their positions in the stock. Truist Financial Corp acquired a new stake in shares of Federated Hermes Short Duration High Yield ETF in the 3rd quarter worth approximately $1,052,000. Prosperity Financial Group Inc. acquired a new stake in shares of Federated Hermes Short Duration High Yield ETF in the 3rd quarter worth approximately $968,000. Osaic Holdings Inc. lifted its stake in shares of Federated Hermes Short Duration High Yield ETF by 10.4% in the 2nd quarter. Osaic Holdings Inc. now owns 46,237 shares of the company’s stock worth $1,074,000 after acquiring an additional 4,351 shares during the period. WFA of San Diego LLC acquired a new stake in shares of Federated Hermes Short Duration High Yield ETF in the 2nd quarter worth approximately $1,367,000. Finally, Kestra Private Wealth Services LLC lifted its stake in shares of Federated Hermes Short Duration High Yield ETF by 134.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 25,326 shares of the company’s stock worth $590,000 after acquiring an additional 14,512 shares during the period.

Federated Hermes Short Duration High Yield ETF Stock Performance

NYSEARCA FHYS remained flat at $23.03 on Tuesday. 43,215 shares of the company’s stock traded hands, compared to its average volume of 20,908. Federated Hermes Short Duration High Yield ETF has a 1 year low of $22.77 and a 1 year high of $23.47. The firm’s 50 day simple moving average is $23.07 and its 200-day simple moving average is $23.22.

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.