Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Short Interest Update

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 62,648 shares, a decrease of 87.7% from the May 31st total of 507,638 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 138,852 shares, the short-interest ratio is currently 0.5 days.

Federated Hermes Total Return Bond ETF Stock Performance

FTRB traded up $0.02 during trading on Friday, reaching $25.27. The company’s stock had a trading volume of 19,124 shares, compared to its average volume of 142,155. The company’s fifty day moving average price is $25.14 and its 200-day moving average price is $25.31. Federated Hermes Total Return Bond ETF has a 52-week low of $24.78 and a 52-week high of $25.84. The company has a market capitalization of $485.18 million, a price-to-earnings ratio of 8.09 and a beta of 0.11.

Institutional Investors Weigh In On Federated Hermes Total Return Bond ETF

Several institutional investors have recently made changes to their positions in FTRB. Motco grew its stake in shares of 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 purchasing an additional 770 shares during the period. Semmax Financial Advisors Inc. acquired a new stake in shares of Federated Hermes Total Return Bond ETF in the 2nd quarter worth approximately $123,000. Atlas Wealth LLC purchased a new position in shares of Federated Hermes Total Return Bond ETF in the fourth quarter valued at $202,000. Index Technologies Group LLC acquired a new position in shares of Federated Hermes Total Return Bond ETF during the 4th quarter worth $229,000. Finally, First United Bank & Trust purchased a new stake in shares of Federated Hermes Total Return Bond ETF in the 1st quarter worth about $254,000.

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.