Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Sees Large Growth in Short Interest

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 39,004 shares, a growth of 190.1% from the August 31st total of 13,447 shares. Based on an average daily volume of 41,672 shares, the short-interest ratio is currently 0.9 days. Approximately 1.0% of the company’s stock are short sold.

Federated Hermes MDT Large Cap Value ETF Price Performance

Federated Hermes MDT Large Cap Value ETF stock traded up $0.22 during trading hours on Friday, hitting $36.54. The company had a trading volume of 23,024 shares, compared to its average volume of 21,112. The firm has a market capitalization of $160.78 million, a P/E ratio of 18.26 and a beta of 0.73. The firm’s fifty day moving average is $37.19 and its 200-day moving average is $35.09. Federated Hermes MDT Large Cap Value ETF has a fifty-two week low of $29.60 and a fifty-two week high of $38.29.

Hedge Funds Weigh In On Federated Hermes MDT Large Cap Value ETF

A number of hedge funds have recently modified their holdings of FLCV. Comprehensive Financial Planning Inc. PA raised its holdings in shares of Federated Hermes MDT Large Cap Value ETF by 81.8% during the second quarter. Comprehensive Financial Planning Inc. PA now owns 31,023 shares of the company’s stock worth $1,112,000 after acquiring an additional 13,959 shares in the last quarter. Eastern Bank grew its stake in shares of Federated Hermes MDT Large Cap Value ETF by 227.0% in the 2nd quarter. Eastern Bank now owns 305,324 shares of the company’s stock valued at $10,948,000 after buying an additional 211,956 shares in the last quarter. Capital Analysts LLC raised its holdings in shares of Federated Hermes MDT Large Cap Value ETF by 3.3% during the 2nd quarter. Capital Analysts LLC now owns 9,786 shares of the company’s stock valued at $351,000 after purchasing an additional 311 shares in the last quarter. Stonebridge Financial Group LLC MO bought a new position in shares of Federated Hermes MDT Large Cap Value ETF in the 1st quarter valued at approximately $221,000. Finally, Allegheny Financial Group lifted its holdings in Federated Hermes MDT Large Cap Value ETF by 8.7% in the 1st quarter. Allegheny Financial Group now owns 45,380 shares of the company’s stock worth $1,430,000 after purchasing an additional 3,631 shares during the last quarter.

About Federated Hermes MDT Large Cap Value ETF

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