Short Interest in Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) Decreases By 73.6%

Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 17,454 shares, a decrease of 73.6% from the June 30th total of 66,031 shares. Based on an average daily trading volume, of 83,727 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FLCG. Somerset Trust Co increased its holdings in shares of Federated Hermes MDT Large Cap Growth ETF by 30.6% in the second quarter. Somerset Trust Co now owns 41,167 shares of the company’s stock valued at $1,371,000 after purchasing an additional 9,638 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Federated Hermes MDT Large Cap Growth ETF during the first quarter worth $1,481,000. Sanctuary Advisors LLC grew its position in Federated Hermes MDT Large Cap Growth ETF by 41.7% in the 1st quarter. Sanctuary Advisors LLC now owns 115,455 shares of the company’s stock valued at $3,452,000 after buying an additional 33,955 shares during the last quarter. Kestra Advisory Services LLC increased its stake in Federated Hermes MDT Large Cap Growth ETF by 24.3% in the 1st quarter. Kestra Advisory Services LLC now owns 979,209 shares of the company’s stock valued at $29,278,000 after buying an additional 191,570 shares during the period. Finally, Private Advisor Group LLC acquired a new position in Federated Hermes MDT Large Cap Growth ETF in the 1st quarter valued at $545,000.

Federated Hermes MDT Large Cap Growth ETF Trading Down 0.4%

Shares of NYSEARCA FLCG traded down $0.12 during midday trading on Friday, reaching $33.25. 56,933 shares of the company were exchanged, compared to its average volume of 88,628. Federated Hermes MDT Large Cap Growth ETF has a 1 year low of $28.69 and a 1 year high of $35.46. The stock has a fifty day simple moving average of $33.81 and a 200 day simple moving average of $32.61. The stock has a market cap of $561.92 million, a P/E ratio of 32.19 and a beta of 1.20.

Federated Hermes MDT Large Cap Growth ETF Company Profile

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.