Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Shares Shorted: Short Interest Up 190.1% in September

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 39,004 shares, an increase of 190.1% from the August 31st total of 13,447 shares. Based on an average daily volume of 41,672 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.0% of the shares of the company are short sold.

Federated Hermes MDT Large Cap Value ETF Trading Up 0.6%

FLCV stock traded up $0.22 during trading on Friday, hitting $36.54. The company had a trading volume of 23,024 shares, compared to its average volume of 21,112. The business has a 50 day moving average of $37.19 and a 200 day moving average of $35.09. The firm has a market capitalization of $160.78 million, a price-to-earnings ratio of 18.26 and a beta of 0.73. Federated Hermes MDT Large Cap Value ETF has a fifty-two week low of $29.60 and a fifty-two week high of $38.29.

Institutional Trading of Federated Hermes MDT Large Cap Value ETF

Institutional investors have recently made changes to their positions in the stock. Stonebridge Financial Group LLC MO bought a new stake in Federated Hermes MDT Large Cap Value ETF during the first quarter worth approximately $221,000. Comprehensive Financial Planning Inc. PA boosted its stake in Federated Hermes MDT Large Cap Value ETF by 35.2% during the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 8,330 shares of the company’s stock valued at $259,000 after purchasing an additional 2,168 shares in the last quarter. Capital Analysts LLC increased its position in shares of Federated Hermes MDT Large Cap Value ETF by 3.3% during the 2nd quarter. Capital Analysts LLC now owns 9,786 shares of the company’s stock valued at $351,000 after purchasing an additional 311 shares during the period. Allegheny Financial Group increased its position in shares of Federated Hermes MDT Large Cap Value ETF by 8.7% during the 1st quarter. Allegheny Financial Group now owns 45,380 shares of the company’s stock valued at $1,430,000 after purchasing an additional 3,631 shares during the period. Finally, Eastern Bank increased its position in shares of Federated Hermes MDT Large Cap Value ETF by 227.0% during the 2nd quarter. Eastern Bank now owns 305,324 shares of the company’s stock valued at $10,948,000 after purchasing an additional 211,956 shares during the period.

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.