Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Short Interest Up 1,396.0% in May

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 507,638 shares, an increase of 1,396.0% from the May 14th total of 33,933 shares. Based on an average trading volume of 165,558 shares, the short-interest ratio is currently 3.1 days. Currently, 2.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On Federated Hermes Total Return Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Motco lifted its stake in Federated Hermes Total Return Bond ETF by 25.3% in the 4th quarter. Motco now owns 3,810 shares of the company’s stock valued at $97,000 after purchasing an additional 770 shares during the last quarter. Quantum Portfolio Management LLC lifted its stake in Federated Hermes Total Return Bond ETF by 0.5% in the 4th quarter. Quantum Portfolio Management LLC now owns 201,161 shares of the company’s stock valued at $5,107,000 after purchasing an additional 1,000 shares during the last quarter. OLD Second National Bank of Aurora lifted its stake in Federated Hermes Total Return Bond ETF by 13.4% in the 1st quarter. OLD Second National Bank of Aurora now owns 14,601 shares of the company’s stock valued at $367,000 after purchasing an additional 1,728 shares during the last quarter. Towerpoint Wealth LLC lifted its stake in Federated Hermes Total Return Bond ETF by 23.3% in the 4th quarter. Towerpoint Wealth LLC now owns 12,045 shares of the company’s stock valued at $306,000 after purchasing an additional 2,274 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its stake in Federated Hermes Total Return Bond ETF by 6.3% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 56,168 shares of the company’s stock valued at $1,426,000 after purchasing an additional 3,324 shares during the last quarter.

Federated Hermes Total Return Bond ETF Stock Performance

Shares of Federated Hermes Total Return Bond ETF stock traded up $0.04 on Tuesday, reaching $25.01. 32,336 shares of the stock were exchanged, compared to its average volume of 149,989. The firm has a market cap of $480.19 million, a PE ratio of 8.09 and a beta of 0.11. The firm’s 50 day moving average is $25.15 and its 200-day moving average is $25.34. Federated Hermes Total Return Bond ETF has a one year low of $24.78 and a one year high of $25.84.

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.