Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Stock Short Interest Report for October

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 14,548 shares, a decrease of 47.6% from the September 30th total of 27,766 shares. Based on an average trading volume of 61,436 shares, the short-interest ratio is currently 0.2 days. Currently, 0.5% of the shares of the company are short sold.

Federated Hermes Short Duration High Yield ETF Stock Performance

NYSEARCA:FHYS traded down $0.13 during mid-day trading on Friday, hitting $22.58. 16,271 shares of the stock were exchanged, compared to its average volume of 24,044. Federated Hermes Short Duration High Yield ETF has a fifty-two week low of $22.36 and a fifty-two week high of $23.47. The firm’s 50-day simple moving average is $22.75 and its 200 day simple moving average is $23.03.

Institutional Trading of Federated Hermes Short Duration High Yield ETF

Several large investors have recently bought and sold shares of the business. Provenance Wealth Advisors LLC acquired a new position in Federated Hermes Short Duration High Yield ETF in the 3rd quarter worth about $32,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Federated Hermes Short Duration High Yield ETF during the first quarter worth about $45,000. Janney Montgomery Scott LLC bought a new stake in shares of Federated Hermes Short Duration High Yield ETF during the first quarter worth about $203,000. NewEdge Advisors LLC acquired a new position in Federated Hermes Short Duration High Yield ETF in the 1st quarter valued at approximately $307,000. Finally, Envestnet Asset Management Inc. raised its position in Federated Hermes Short Duration High Yield ETF by 15.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 43,708 shares of the company’s stock worth $1,007,000 after purchasing an additional 5,838 shares during the last quarter.

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.