Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Update

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 36,821 shares, a growth of 106.7% from the May 31st total of 17,815 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,915 shares, the short-interest ratio is presently 2.2 days.

Federated Hermes Short Duration High Yield ETF Stock Down 0.4%

Shares of FHYS traded down $0.09 during midday trading on Tuesday, hitting $23.05. 42,574 shares of the company traded hands, compared to its average volume of 19,609. The firm has a 50 day moving average of $23.14 and a 200-day moving average of $23.19. Federated Hermes Short Duration High Yield ETF has a 52 week low of $22.77 and a 52 week high of $23.47.

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

Several institutional investors have recently bought and sold shares of FHYS. Creative Financial Designs Inc. ADV raised its position in shares of Federated Hermes Short Duration High Yield ETF by 25.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the company’s stock valued at $58,000 after buying an additional 500 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Federated Hermes Short Duration High Yield ETF by 2.7% in the third quarter. Envestnet Asset Management Inc. now owns 25,394 shares of the company’s stock worth $591,000 after acquiring an additional 670 shares in the last quarter. Jane Street Group LLC increased its stake in Federated Hermes Short Duration High Yield ETF by 2.8% during the fourth quarter. Jane Street Group LLC now owns 28,923 shares of the company’s stock worth $673,000 after acquiring an additional 797 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Federated Hermes Short Duration High Yield ETF during the first quarter worth approximately $45,000. Finally, Capital Analysts LLC raised its position 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 valued at $103,000 after purchasing an additional 4,078 shares during the period.

Federated Hermes Short Duration High Yield ETF Company Profile

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.