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

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 36,821 shares, an increase of 106.7% from the May 31st total of 17,815 shares. Based on an average daily trading volume, of 16,915 shares, the short-interest ratio is currently 2.2 days. Approximately 1.7% of the company’s shares are sold short.

Institutional Trading of Federated Hermes Short Duration High Yield ETF

A number of hedge funds have recently made changes to their positions in the stock. Cassaday & Co Wealth Management LLC purchased a new stake in Federated Hermes Short Duration High Yield ETF during the 1st quarter valued at about $45,000. Creative Financial Designs Inc. ADV raised its stake in Federated Hermes Short Duration High Yield ETF by 25.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the company’s stock valued at $58,000 after buying an additional 500 shares during the last quarter. Capital Analysts LLC lifted its holdings in Federated Hermes Short Duration High Yield ETF by 1,202.9% in the fourth quarter. Capital Analysts LLC now owns 4,417 shares of the company’s stock valued at $103,000 after acquiring an additional 4,078 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Federated Hermes Short Duration High Yield ETF in the 1st quarter worth approximately $203,000. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of Federated Hermes Short Duration High Yield ETF during the 3rd quarter worth $252,000.

Federated Hermes Short Duration High Yield ETF Stock Performance

FHYS traded down $0.09 on Tuesday, hitting $23.05. The company had a trading volume of 42,574 shares, compared to its average volume of 19,609. Federated Hermes Short Duration High Yield ETF has a 52-week low of $22.77 and a 52-week high of $23.47. The stock has a fifty day simple moving average of $23.14 and a 200-day simple moving average of $23.19.

Federated Hermes Short Duration High Yield ETF Company Profile

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.