Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Sees Large Decrease in Short Interest

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 7,850 shares, a decline of 46.2% from the December 15th total of 14,593 shares. Based on an average daily trading volume, of 11,965 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 11,965 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Federated Hermes Short Duration High Yield ETF

Institutional investors have recently bought and sold shares of the business. Creative Financial Designs Inc. ADV purchased a new position in Federated Hermes Short Duration High Yield ETF in the second quarter valued at about $46,000. Kestra Private Wealth Services LLC acquired a new stake in shares of Federated Hermes Short Duration High Yield ETF in the third quarter valued at about $252,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Federated Hermes Short Duration High Yield ETF by 2,421.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 10,841 shares of the company’s stock valued at $252,000 after buying an additional 10,411 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Federated Hermes Short Duration High Yield ETF by 2.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 25,394 shares of the company’s stock worth $591,000 after acquiring an additional 670 shares during the period. Finally, DAVENPORT & Co LLC lifted its position in shares of Federated Hermes Short Duration High Yield ETF by 5.5% during the third quarter. DAVENPORT & Co LLC now owns 27,862 shares of the company’s stock worth $648,000 after purchasing an additional 1,459 shares in the last quarter.

Federated Hermes Short Duration High Yield ETF Price Performance

FHYS stock traded up $0.01 during trading on Friday, reaching $23.36. 16,756 shares of the stock traded hands, compared to its average volume of 31,196. The business’s 50 day moving average price is $23.32 and its 200-day moving average price is $23.27. Federated Hermes Short Duration High Yield ETF has a 52-week low of $22.10 and a 52-week high of $23.47.

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.