Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Short Interest Down 76.3% in May

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,406 shares, a decline of 76.3% from the April 30th total of 5,928 shares. Based on an average daily trading volume, of 16,698 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Federated Hermes MDT Large Cap Value ETF Price Performance

FLCV stock traded up $0.01 during midday trading on Friday, hitting $34.94. The stock had a trading volume of 2,688 shares, compared to its average volume of 11,468. The firm has a market cap of $87.35 million, a price-to-earnings ratio of 18.26 and a beta of 0.80. The business has a 50-day moving average of $33.13 and a two-hundred day moving average of $32.17. Federated Hermes MDT Large Cap Value ETF has a 52-week low of $28.36 and a 52-week high of $35.03.

Institutional Investors Weigh In On Federated Hermes MDT Large Cap Value ETF

Hedge funds have recently added to or reduced their stakes in the stock. Stonebridge Financial Group LLC MO bought a new stake in Federated Hermes MDT Large Cap Value ETF in the first quarter worth $221,000. Comprehensive Financial Planning Inc. PA grew its position in shares of Federated Hermes MDT Large Cap Value ETF by 35.2% during the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 8,330 shares of the company’s stock worth $259,000 after purchasing an additional 2,168 shares in the last quarter. Capital Analysts LLC grew its position in shares of Federated Hermes MDT Large Cap Value ETF by 385.7% during the fourth quarter. Capital Analysts LLC now owns 8,708 shares of the company’s stock worth $271,000 after purchasing an additional 6,915 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Federated Hermes MDT Large Cap Value ETF by 32.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 41,192 shares of the company’s stock worth $1,281,000 after purchasing an additional 10,120 shares in the last quarter. Finally, Allegheny Financial Group purchased a new stake in shares of Federated Hermes MDT Large Cap Value ETF during the fourth quarter worth about $1,299,000.

About Federated Hermes MDT Large Cap Value ETF

The Federated Hermes MDT Large Cap Value ETF (FLCV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies that are deemed undervalued within the Russell 1000 Value Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCV was launched on Jul 30, 2024 and is issued by Federated Hermes.