Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) Short Interest Up 194.0% in May

Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 16,499 shares, an increase of 194.0% from the April 30th total of 5,611 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 147,748 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Federated Hermes MDT Large Cap Growth ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers acquired a new position in Federated Hermes MDT Large Cap Growth ETF during the 1st quarter worth approximately $1,481,000. Sanctuary Advisors LLC increased its position in Federated Hermes MDT Large Cap Growth ETF by 41.7% during the 1st quarter. Sanctuary Advisors LLC now owns 115,455 shares of the company’s stock worth $3,452,000 after purchasing an additional 33,955 shares in the last quarter. Kestra Advisory Services LLC increased its position in Federated Hermes MDT Large Cap Growth ETF by 24.3% during the 1st quarter. Kestra Advisory Services LLC now owns 979,209 shares of the company’s stock worth $29,278,000 after purchasing an additional 191,570 shares in the last quarter. Private Advisor Group LLC acquired a new position in Federated Hermes MDT Large Cap Growth ETF during the 1st quarter worth approximately $545,000. Finally, Kestra Private Wealth Services LLC increased its position in Federated Hermes MDT Large Cap Growth ETF by 42.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 27,310 shares of the company’s stock worth $817,000 after purchasing an additional 8,095 shares in the last quarter.

Federated Hermes MDT Large Cap Growth ETF Price Performance

FLCG stock traded up $0.25 during trading on Friday, reaching $34.96. 10,719 shares of the company were exchanged, compared to its average volume of 96,053. The company has a 50-day moving average of $32.52 and a two-hundred day moving average of $32.37. The company has a market capitalization of $513.91 million, a price-to-earnings ratio of 32.19 and a beta of 1.18. Federated Hermes MDT Large Cap Growth ETF has a twelve month low of $28.02 and a twelve month high of $35.01.

About Federated Hermes MDT Large Cap Growth ETF

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