Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Short Interest Update

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 62,648 shares, a decline of 87.7% from the May 31st total of 507,638 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 138,852 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Federated Hermes Total Return Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Motco lifted its position in Federated Hermes Total Return Bond ETF by 25.3% during the 4th quarter. Motco now owns 3,810 shares of the company’s stock worth $97,000 after acquiring an additional 770 shares during the period. Semmax Financial Advisors Inc. acquired a new stake in shares of Federated Hermes Total Return Bond ETF during the second quarter worth $123,000. Atlas Wealth LLC purchased a new position in Federated Hermes Total Return Bond ETF in the 4th quarter valued at $202,000. Index Technologies Group LLC acquired a new position in Federated Hermes Total Return Bond ETF in the 4th quarter valued at $229,000. Finally, First United Bank & Trust purchased a new position in Federated Hermes Total Return Bond ETF during the 1st quarter worth $254,000.

Federated Hermes Total Return Bond ETF Stock Up 0.1%

Federated Hermes Total Return Bond ETF stock traded up $0.02 during mid-day trading on Friday, hitting $25.27. The company had a trading volume of 19,124 shares, compared to its average volume of 142,155. Federated Hermes Total Return Bond ETF has a 1 year low of $24.78 and a 1 year high of $25.84. The business has a fifty day moving average of $25.14 and a 200 day moving average of $25.31. The stock has a market cap of $485.18 million, a price-to-earnings ratio of 8.09 and a beta of 0.11.

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.