Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Short Interest Update

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 360,016 shares, a growth of 428.8% from the August 15th total of 68,088 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average trading volume of 217,357 shares, the short-interest ratio is presently 1.7 days.

Institutional Trading of Federated Hermes Total Return Bond ETF

Several large investors have recently modified their holdings of the stock. Raymond James Financial Inc. raised its position in shares of Federated Hermes Total Return Bond ETF by 1,493.6% in the 2nd quarter. Raymond James Financial Inc. now owns 890,977 shares of the company’s stock valued at $22,364,000 after buying an additional 835,066 shares in the last quarter. Wealth Intelligence LLC acquired a new stake in shares of Federated Hermes Total Return Bond ETF during the 4th quarter worth approximately $16,783,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Federated Hermes Total Return Bond ETF during the 4th quarter worth approximately $14,129,000. GTS Financial LLC bought a new position in Federated Hermes Total Return Bond ETF in the first quarter valued at approximately $12,548,000. Finally, Beaumont Financial Advisors LLC increased its stake in Federated Hermes Total Return Bond ETF by 191.0% in the first quarter. Beaumont Financial Advisors LLC now owns 274,316 shares of the company’s stock valued at $6,898,000 after acquiring an additional 180,035 shares during the last quarter.

Federated Hermes Total Return Bond ETF Stock Down 0.2%

Shares of FTRB traded down $0.04 during midday trading on Friday, reaching $24.45. 205,251 shares of the stock were exchanged, compared to its average volume of 142,796. The stock’s 50 day simple moving average is $24.80 and its 200 day simple moving average is $25.07. The company has a market cap of $589.25 million, a P/E ratio of 8.09 and a beta of 0.12. Federated Hermes Total Return Bond ETF has a twelve month low of $24.45 and a twelve month high of $25.79.

Federated Hermes Total Return Bond ETF Company Profile

The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process. FTRB was launched on Jan 2, 2024 and is issued by Federated Hermes.