Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) Stock Short Interest Falls 53.8%

Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 16,454 shares, a decline of 53.8% from the August 31st total of 35,594 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 53,825 shares, the days-to-cover ratio is presently 0.3 days.

Federated Hermes MDT Large Cap Growth ETF Price Performance

FLCG stock traded down $0.05 during midday trading on Tuesday, reaching $35.56. 84,488 shares of the company were exchanged, compared to its average volume of 80,074. Federated Hermes MDT Large Cap Growth ETF has a one year low of $28.69 and a one year high of $36.03. The firm has a market capitalization of $640.08 million, a price-to-earnings ratio of 32.19 and a beta of 1.19. The business has a 50-day moving average price of $34.86 and a two-hundred day moving average price of $33.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLCG. SHP Wealth Management bought a new stake in shares of Federated Hermes MDT Large Cap Growth ETF in the fourth quarter valued at about $87,000. Integrated Wealth Concepts LLC raised its stake in Federated Hermes MDT Large Cap Growth ETF by 59.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 16,058 shares of the company’s stock worth $535,000 after purchasing an additional 5,987 shares in the last quarter. Private Advisor Group LLC bought a new stake in Federated Hermes MDT Large Cap Growth ETF in the 1st quarter valued at about $545,000. Capital Analysts LLC grew its position in shares of Federated Hermes MDT Large Cap Growth ETF by 26.7% during the 2nd quarter. Capital Analysts LLC now owns 21,692 shares of the company’s stock worth $722,000 after purchasing an additional 4,576 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its position in shares of Federated Hermes MDT Large Cap Growth ETF by 42.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 27,310 shares of the company’s stock worth $817,000 after purchasing an additional 8,095 shares in the last quarter.

About Federated Hermes MDT Large Cap Growth ETF

The Federated Hermes MDT Large Cap Growth ETF (FLCG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies with higher forecasted growth values that are within the Russell 1000 Growth Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCG was launched on Jul 30, 2024 and is issued by Federated Hermes.