Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) Sees Large Drop in Short Interest

Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 2,708 shares, a decline of 62.0% from the December 15th total of 7,133 shares. Based on an average daily volume of 6,555 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 6,555 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Federated Hermes Short Duration Corporate ETF

A hedge fund recently bought a new stake in Federated Hermes Short Duration Corporate ETF stock. Envestnet Asset Management Inc. acquired a new position in Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 14,636 shares of the company’s stock, valued at approximately $357,000. Envestnet Asset Management Inc. owned 0.56% of Federated Hermes Short Duration Corporate ETF as of its most recent filing with the Securities and Exchange Commission.

Federated Hermes Short Duration Corporate ETF Price Performance

Shares of NYSEARCA:FCSH traded down $0.03 during trading on Thursday, reaching $24.45. The company had a trading volume of 772 shares, compared to its average volume of 1,127. The company has a fifty day moving average of $24.46 and a two-hundred day moving average of $24.43. Federated Hermes Short Duration Corporate ETF has a 12 month low of $23.87 and a 12 month high of $24.64.

Federated Hermes Short Duration Corporate ETF Company Profile

The Federated Hermes Short Duration Corporate ETF (FCSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated investment-grade. FCSH was launched on Dec 16, 2021 and is managed by Federated Hermes.