Short Interest in Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Declines By 93.0%

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,340 shares, a decline of 93.0% from the July 15th total of 33,307 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 11,496 shares, the days-to-cover ratio is currently 0.2 days.

Federated Hermes Short Duration High Yield ETF Trading Up 0.1%

NYSEARCA:FHYS traded up $0.03 during mid-day trading on Thursday, reaching $23.01. The stock had a trading volume of 6,209 shares, compared to its average volume of 19,799. The business’s 50 day moving average is $23.06 and its 200 day moving average is $23.12. Federated Hermes Short Duration High Yield ETF has a fifty-two week low of $22.77 and a fifty-two week high of $23.47.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FHYS. Jane Street Group LLC raised its holdings in Federated Hermes Short Duration High Yield ETF by 2.8% during the fourth quarter. Jane Street Group LLC now owns 28,923 shares of the company’s stock valued at $673,000 after buying an additional 797 shares in the last quarter. Capital Analysts LLC boosted its stake in shares of Federated Hermes Short Duration High Yield ETF by 1,202.9% during the 4th quarter. Capital Analysts LLC now owns 4,417 shares of the company’s stock worth $103,000 after acquiring an additional 4,078 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Federated Hermes Short Duration High Yield ETF during the 4th quarter worth about $562,000. Kestra Private Wealth Services LLC acquired a new position in shares of Federated Hermes Short Duration High Yield ETF during the 3rd quarter valued at about $252,000. Finally, Prosperity Financial Group Inc. acquired a new position in shares of Federated Hermes Short Duration High Yield ETF during the 3rd quarter valued at about $968,000.

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.