Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Stock Short Interest Falls 94.4%

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 2,183 shares, a decrease of 94.4% from the September 15th total of 39,004 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 58,919 shares, the short-interest ratio is currently 0.0 days.

Federated Hermes MDT Large Cap Value ETF Stock Performance

Shares of NYSEARCA FLCV traded up $0.25 during mid-day trading on Friday, reaching $36.92. The company had a trading volume of 31,870 shares, compared to its average volume of 26,635. The stock has a fifty day moving average of $37.17 and a two-hundred day moving average of $35.45. The company has a market capitalization of $173.52 million, a price-to-earnings ratio of 18.26 and a beta of 0.75. Federated Hermes MDT Large Cap Value ETF has a 12-month low of $29.60 and a 12-month high of $38.29.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Eastern Bank grew its holdings in shares of Federated Hermes MDT Large Cap Value ETF by 0.3% during the 3rd quarter. Eastern Bank now owns 306,184 shares of the company’s stock valued at $11,021,000 after acquiring an additional 860 shares in the last quarter. Capital Analysts LLC increased its stake in shares of Federated Hermes MDT Large Cap Value ETF by 3.3% in the second quarter. Capital Analysts LLC now owns 9,786 shares of the company’s stock worth $351,000 after acquiring an additional 311 shares during the last quarter. Comprehensive Financial Planning Inc. PA increased its stake in shares of Federated Hermes MDT Large Cap Value ETF by 81.8% in the second quarter. Comprehensive Financial Planning Inc. PA now owns 31,023 shares of the company’s stock worth $1,112,000 after acquiring an additional 13,959 shares during the last quarter. Stonebridge Financial Group LLC MO acquired a new position in shares of Federated Hermes MDT Large Cap Value ETF in the first quarter worth $221,000. Finally, Allegheny Financial Group raised its holdings in shares of Federated Hermes MDT Large Cap Value ETF by 8.7% during the first quarter. Allegheny Financial Group now owns 45,380 shares of the company’s stock worth $1,430,000 after acquiring an additional 3,631 shares in the last quarter.

About Federated Hermes MDT Large Cap Value ETF

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.