Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Sees Large Increase in Short Interest

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 16,557 shares, an increase of 81.7% from the June 30th total of 9,113 shares. Based on an average daily volume of 38,616 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Eastern Bank raised its holdings in Federated Hermes MDT Large Cap Value ETF by 227.0% in the 2nd quarter. Eastern Bank now owns 305,324 shares of the company’s stock valued at $10,948,000 after buying an additional 211,956 shares during the last quarter. Stonebridge Financial Group LLC MO bought a new stake in Federated Hermes MDT Large Cap Value ETF during the 1st quarter worth approximately $221,000. Allegheny Financial Group increased its position in Federated Hermes MDT Large Cap Value ETF by 8.7% in the 1st quarter. Allegheny Financial Group now owns 45,380 shares of the company’s stock valued at $1,430,000 after acquiring an additional 3,631 shares during the period. Orion Porfolio Solutions LLC acquired a new position in Federated Hermes MDT Large Cap Value ETF in the 4th quarter valued at approximately $3,891,000. Finally, Commonwealth Equity Services LLC increased its position in Federated Hermes MDT Large Cap Value ETF by 32.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 41,192 shares of the company’s stock valued at $1,281,000 after acquiring an additional 10,120 shares during the period.

Federated Hermes MDT Large Cap Value ETF Stock Up 0.5%

Federated Hermes MDT Large Cap Value ETF stock traded up $0.19 during trading hours on Friday, hitting $36.98. The stock had a trading volume of 13,941 shares, compared to its average volume of 17,777. The stock has a market cap of $129.43 million, a price-to-earnings ratio of 18.26 and a beta of 0.74. Federated Hermes MDT Large Cap Value ETF has a one year low of $29.20 and a one year high of $37.06. The business’s 50 day simple moving average is $35.61 and its 200-day simple moving average is $33.64.

Federated Hermes MDT Large Cap Value ETF Company Profile

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