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

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 360,016 shares, a growth of 428.8% from the August 15th total of 68,088 shares. Based on an average daily volume of 217,357 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.5% of the company’s stock are short sold.

Federated Hermes Total Return Bond ETF Price Performance

Federated Hermes Total Return Bond ETF stock traded down $0.01 during midday trading on Friday, reaching $24.48. The company’s stock had a trading volume of 114,128 shares, compared to its average volume of 141,776. The stock has a market capitalization of $589.85 million, a P/E ratio of 8.09 and a beta of 0.12. The stock’s 50-day simple moving average is $24.81 and its 200-day simple moving average is $25.07. Federated Hermes Total Return Bond ETF has a 52-week low of $24.47 and a 52-week high of $25.79.

Hedge Funds Weigh In On Federated Hermes Total Return Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of FTRB. Integrated Wealth Concepts LLC boosted its stake in shares of Federated Hermes Total Return Bond ETF by 10.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 233,990 shares of the company’s stock worth $5,872,000 after acquiring an additional 22,192 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Federated Hermes Total Return Bond ETF during the 2nd quarter worth $1,087,000. Concurrent Investment Advisors LLC purchased a new stake in shares of Federated Hermes Total Return Bond ETF in the 2nd quarter valued at approximately $1,629,000. First Citizens Financial Corp increased its stake in Federated Hermes Total Return Bond ETF by 12.8% during the second quarter. First Citizens Financial Corp now owns 24,455 shares of the company’s stock worth $614,000 after acquiring an additional 2,772 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its holdings in Federated Hermes Total Return Bond ETF by 11.9% in the 2nd quarter. Rehmann Capital Advisory Group now owns 10,355 shares of the company’s stock valued at $260,000 after buying an additional 1,102 shares during the period.

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.