Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) Stock Short Interest Drops 42.6%

Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 30,435 shares, a decrease of 42.6% from the August 31st total of 53,042 shares. Based on an average daily volume of 223,041 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the company’s shares are sold short.

Federated Hermes MDT Small Cap Core ETF Stock Performance

Shares of FSCC traded down $0.27 during midday trading on Wednesday, hitting $33.46. 45,132 shares of the stock were exchanged, compared to its average volume of 72,048. Federated Hermes MDT Small Cap Core ETF has a 52-week low of $27.83 and a 52-week high of $37.52. The stock has a fifty day simple moving average of $35.32 and a 200 day simple moving average of $34.20. The firm has a market cap of $414.90 million, a P/E ratio of 15.80 and a beta of 1.22.

Hedge Funds Weigh In On Federated Hermes MDT Small Cap Core ETF

Several hedge funds have recently bought and sold shares of FSCC. Envestnet Asset Management Inc. grew its position in Federated Hermes MDT Small Cap Core ETF by 62.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,091,662 shares of the company’s stock valued at $40,752,000 after acquiring an additional 421,068 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Federated Hermes MDT Small Cap Core ETF during the first quarter worth about $7,970,000. Lifestyle Asset Management Inc. acquired a new stake in shares of Federated Hermes MDT Small Cap Core ETF during the fourth quarter worth about $1,233,000. Heritage Trust Co acquired a new stake in shares of Federated Hermes MDT Small Cap Core ETF during the fourth quarter worth about $1,187,000. Finally, Intrua Financial LLC purchased a new position in shares of Federated Hermes MDT Small Cap Core ETF in the first quarter valued at approximately $1,087,000.

Federated Hermes MDT Small Cap Core ETF Company Profile

The Federated Hermes MDT Small Cap Core ETF (FSCC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is actively managed, investing primarily in small-cap US companies within the Russell 2000 Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FSCC was launched on Jul 30, 2024 and is issued by Federated Hermes.