Short Interest in Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Drops By 43.7%

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 15th, there was short interest totaling 33,307 shares, a decline of 43.7% from the June 30th total of 59,159 shares. Based on an average daily volume of 21,650 shares, the short-interest ratio is currently 1.5 days. Currently, 1.4% of the shares of the company are short sold.

Federated Hermes Short Duration High Yield ETF Stock Down 0.0%

Shares of NYSEARCA FHYS traded down $0.01 during trading hours on Wednesday, reaching $23.00. The stock had a trading volume of 15,499 shares, compared to its average volume of 19,240. The firm has a 50-day moving average of $23.10 and a 200-day moving average of $23.15. 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.

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

Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC acquired a new position in shares of Federated Hermes Short Duration High Yield ETF in the 1st quarter valued at $307,000. Cassaday & Co Wealth Management LLC acquired a new stake in Federated Hermes Short Duration High Yield ETF during the 1st quarter worth $45,000. Janney Montgomery Scott LLC purchased a new position in Federated Hermes Short Duration High Yield ETF during the 1st quarter worth $203,000. Kestra Private Wealth Services LLC grew its position in Federated Hermes Short Duration High Yield ETF by 46.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 37,010 shares of the company’s stock worth $848,000 after purchasing an additional 11,684 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in Federated Hermes Short Duration High Yield ETF by 2.8% in the fourth quarter. Jane Street Group LLC now owns 28,923 shares of the company’s stock valued at $673,000 after purchasing an additional 797 shares during the period.

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.