Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Sees Significant Increase in Short Interest

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 27,766 shares, an increase of 226.2% from the September 15th total of 8,512 shares. Based on an average daily volume of 45,075 shares, the short-interest ratio is presently 0.6 days. Currently, 1.0% of the company’s stock are short sold.

Federated Hermes Short Duration High Yield ETF Stock Up 0.1%

Shares of FHYS traded up $0.03 during midday trading on Monday, reaching $22.61. 32,536 shares of the stock were exchanged, compared to its average volume of 23,715. Federated Hermes Short Duration High Yield ETF has a 12-month low of $22.36 and a 12-month high of $23.47. The firm has a 50 day simple moving average of $22.87 and a 200-day simple moving average of $23.01.

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

A number of hedge funds have recently added to or reduced their stakes in FHYS. Envestnet Asset Management Inc. raised its holdings in shares of 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 valued at $1,007,000 after purchasing an additional 5,838 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Federated Hermes Short Duration High Yield ETF by 63.8% in the 2nd quarter. NewEdge Advisors LLC now owns 21,950 shares of the company’s stock valued at $506,000 after purchasing an additional 8,550 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Federated Hermes Short Duration High Yield ETF in the first quarter worth $45,000. Janney Montgomery Scott LLC acquired a new position in Federated Hermes Short Duration High Yield ETF during the first quarter worth $203,000. Finally, Kestra Private Wealth Services LLC increased its position in Federated Hermes Short Duration High Yield ETF by 46.1% during the first quarter. Kestra Private Wealth Services LLC now owns 37,010 shares of the company’s stock worth $848,000 after buying an additional 11,684 shares during the last quarter.

About Federated Hermes Short Duration High Yield ETF

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.