Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Sees Significant Decrease in Short Interest

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 33,933 shares, a decrease of 94.3% from the April 30th total of 593,997 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 140,262 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Federated Hermes Total Return Bond ETF

Several institutional investors have recently added to or reduced their stakes in the business. Motco increased its stake in Federated Hermes Total Return Bond ETF by 25.3% in the fourth quarter. Motco now owns 3,810 shares of the company’s stock valued at $97,000 after purchasing an additional 770 shares during the last quarter. Quantum Portfolio Management LLC increased its stake in Federated Hermes Total Return Bond ETF by 0.5% in the fourth quarter. Quantum Portfolio Management LLC now owns 201,161 shares of the company’s stock valued at $5,107,000 after purchasing an additional 1,000 shares during the last quarter. OLD Second National Bank of Aurora increased its stake in Federated Hermes Total Return Bond ETF by 13.4% during the first quarter. OLD Second National Bank of Aurora now owns 14,601 shares of the company’s stock worth $367,000 after acquiring an additional 1,728 shares during the last quarter. Towerpoint Wealth LLC increased its stake in Federated Hermes Total Return Bond ETF by 23.3% during the fourth quarter. Towerpoint Wealth LLC now owns 12,045 shares of the company’s stock worth $306,000 after acquiring an additional 2,274 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its stake in Federated Hermes Total Return Bond ETF by 6.3% during the third quarter. Kestra Private Wealth Services LLC now owns 56,168 shares of the company’s stock worth $1,426,000 after acquiring an additional 3,324 shares during the last quarter.

Federated Hermes Total Return Bond ETF Stock Performance

Federated Hermes Total Return Bond ETF stock traded up $0.04 during trading on Wednesday, hitting $25.11. The company’s stock had a trading volume of 47,100 shares, compared to its average volume of 145,723. The stock has a market capitalization of $482.11 million, a price-to-earnings ratio of 8.09 and a beta of 0.12. The stock’s fifty day moving average is $25.16 and its 200 day moving average is $25.37. Federated Hermes Total Return Bond ETF has a 1-year low of $24.74 and a 1-year high of $25.84.

About Federated Hermes Total Return Bond ETF

The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process. FTRB was launched on Jan 2, 2024 and is issued by Federated Hermes.