Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Up 113.5% in May

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 17,815 shares, a growth of 113.5% from the May 14th total of 8,343 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 15,727 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On Federated Hermes Short Duration High Yield ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC acquired a new position in Federated Hermes Short Duration High Yield ETF during the first quarter worth $45,000. Creative Financial Designs Inc. ADV boosted its stake in Federated Hermes Short Duration High Yield ETF by 25.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the company’s stock worth $58,000 after buying an additional 500 shares during the last quarter. Capital Analysts LLC boosted its stake in Federated Hermes Short Duration High Yield ETF by 1,202.9% during the fourth quarter. Capital Analysts LLC now owns 4,417 shares of the company’s stock worth $103,000 after buying an additional 4,078 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Federated Hermes Short Duration High Yield ETF during the first quarter worth $203,000. Finally, Kestra Private Wealth Services LLC acquired a new position in Federated Hermes Short Duration High Yield ETF during the third quarter worth $252,000.

Federated Hermes Short Duration High Yield ETF Stock Performance

Shares of NYSEARCA:FHYS traded down $0.04 during trading on Friday, reaching $23.11. The stock had a trading volume of 23,104 shares, compared to its average volume of 20,041. The business has a fifty day moving average price of $23.13 and a 200-day moving average price of $23.21. Federated Hermes Short Duration High Yield ETF has a 1-year low of $22.77 and a 1-year high of $23.47.

About Federated Hermes Short Duration High Yield ETF

The Federated Hermes Short Duration High Yield ETF (FHYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated below investment-grade. FHYS was launched on Dec 16, 2021 and is managed by Federated Hermes.