Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) Sees Large Increase in Short Interest

Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 52,990 shares, an increase of 86.2% from the May 14th total of 28,466 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 158,442 shares, the short-interest ratio is currently 0.3 days.

Federated Hermes MDT Small Cap Core ETF Price Performance

Shares of FSCC stock traded down $0.15 on Tuesday, hitting $35.46. The stock had a trading volume of 33,154 shares, compared to its average volume of 63,602. The business has a 50 day moving average of $33.57 and a 200 day moving average of $31.78. The stock has a market cap of $226.94 million, a price-to-earnings ratio of 15.80 and a beta of 1.27. Federated Hermes MDT Small Cap Core ETF has a 12-month low of $25.15 and a 12-month high of $36.21.

Institutional Trading of Federated Hermes MDT Small Cap Core ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of Federated Hermes MDT Small Cap Core ETF by 353.7% in the third quarter. Envestnet Asset Management Inc. now owns 417,496 shares of the company’s stock valued at $12,345,000 after purchasing an additional 325,478 shares during the last quarter. Intellus Advisors LLC increased its holdings in Federated Hermes MDT Small Cap Core ETF by 21.3% during the fourth quarter. Intellus Advisors LLC now owns 364,491 shares of the company’s stock worth $10,938,000 after buying an additional 63,966 shares during the last quarter. Truist Financial Corp increased its holdings in Federated Hermes MDT Small Cap Core ETF by 7.0% during the fourth quarter. Truist Financial Corp now owns 351,598 shares of the company’s stock worth $10,551,000 after buying an additional 22,965 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Federated Hermes MDT Small Cap Core ETF during the third quarter worth about $8,402,000. Finally, MML Investors Services LLC purchased a new stake in Federated Hermes MDT Small Cap Core ETF during the fourth quarter worth about $4,340,000.

About Federated Hermes MDT Small Cap Core ETF

The Federated Hermes MDT Small Cap Core ETF (FSCC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is actively managed, investing primarily in small-cap US companies within the Russell 2000 Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FSCC was launched on Jul 30, 2024 and is issued by Federated Hermes.