Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Sees Significant Decrease in Short Interest

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 33,933 shares, a drop of 94.3% from the April 30th total of 593,997 shares. Based on an average daily trading volume, of 140,262 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Federated Hermes Total Return Bond ETF Price Performance

FTRB traded up $0.04 on Wednesday, reaching $25.11. The company’s stock had a trading volume of 47,100 shares, compared to its average volume of 145,723. The stock has a market cap of $482.11 million, a price-to-earnings ratio of 8.09 and a beta of 0.12. Federated Hermes Total Return Bond ETF has a 1 year low of $24.74 and a 1 year high of $25.84. The business’s 50 day moving average is $25.16 and its 200 day moving average is $25.37.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Motco lifted its holdings in Federated Hermes Total Return Bond ETF by 25.3% during the 4th quarter. Motco now owns 3,810 shares of the company’s stock worth $97,000 after buying an additional 770 shares during the last quarter. Semmax Financial Advisors Inc. bought a new position in Federated Hermes Total Return Bond ETF during the 2nd quarter worth approximately $123,000. Atlas Wealth LLC bought a new position in Federated Hermes Total Return Bond ETF during the 4th quarter worth approximately $202,000. Index Technologies Group LLC acquired a new stake in shares of Federated Hermes Total Return Bond ETF during the 4th quarter worth approximately $229,000. Finally, First United Bank & Trust acquired a new stake in shares of Federated Hermes Total Return Bond ETF during the 1st quarter worth approximately $254,000.

About Federated Hermes Total Return Bond ETF

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.